Debt management is a pivotal component of financial health for businesses. It involves a comprehensive understanding of various types of business financing, their advantages and disadvantages, and the effective management of debt, encompassing loans and credit lines. In this article, we will delve into the world of business debt...
Introduction to Correspondent Banking
Correspondent banking may sound like a term straight out of a financier’s dictionary, but its implications ripple through the entire economy, touching the lives of both businesses and individuals. Essentially, it’s the process by which banks provide services to each other, including cross-border transactions and large-scale...
Access Bank Ghana has been named SME-Friendly Bank of the Year at the prestigious 2023 BRANDCOM Awards.
The recognition is a testament to the bank's unwavering commitment to supporting and empowering small and medium-sized enterprises (SMEs) across Ghana.
This award recognises Access Bank Ghana's exceptional dedication to providing SMEs with access...
The IFC and Ethiopian Capital Market Authority (ECMA) have announced a programme to support growth of the country’s domestic capital markets and increase access to local currency finance.
Under the four-year Ethiopia Capital Market Development Project, IFC will work with ECMA and other key stakeholders to develop capital market regulations,...
For many years, attaining financial inclusion for all - especially persons within the informal sector of the Ghanaian economy - was increasingly challenging. The persistent financial instability, leading to intermittent insolvency of some banks, micro-credit institutions and Savings and Loan Companies made it unattractive for people to embrace banking...
United Bank for Africa (UBA) Ghana Ltd has taken a groundbreaking step in the banking industry by launching the Super Savings Promo, an initiative that offers an impressive 10% interest rate on savings. The promo will run from November 2023 through to February 2024.
The Super Savings Promo covers a...
The Head of Conduct Supervision-Bank of Ghana (BoG), Augustine Amoako Donkor, has urged the borrowing public to do due diligence before contracting loans from financial institutions.
He explained that the central bank has initiated measures, including public sensitisation, as part of efforts to address concerns of borrowers and lenders alike....
…as Africa loses US$80bn annually
The surest way to curb illicit financial flows (IFF) and its repelling effect on the economy is to ensure strict enforcement of laws and quality data accessibility, researchers have advocated.
Following findings of a study that looked into illicit financial flows in the gold and cocoa...
Republic Financial Holdings Limited (RFHL) has announced the departure of two esteemed Directors, Alison Lewis and Gregory Thomson, from its Board of Directors, effective November 4, 2023.
Alison Lewis has been an integral part of the RFHL Group since 2014, contributing her strategic vision to various sub-committees of both RFHL...
President of the Republic of Togo, Faure Essozimna Gnassingbé, has rallied African nations toward a collective endeavour to reclaim control over the continent's narrative.
Speaking at the Africa Financial Industry Summit (AFIS) 2023, in Lome, Togo’s capital city, President Gnassingbé emphasised the imperative need for concerted action to shape Africa's...