Ghanaian entrepreneurs and businesses must make use of licenced investment firms in the country rather than relying on foreign ones for sound investment advice, Bernard Osei-Tutu, Chief Executive Officer of Dusk Capital has said. “Local businesses and entrepreneurs must make use of credible investment firms that will advise them on...
Since they are the ones that support local businesses, local banks are the most affected when government delays in paying local contractors - a situation which puts foreign concerns ahead of the competition by miles, Frank Adu, Managing Director of locally-owned CalBank has said. “Local banks support local contractors, but...
A new report dubbed ‘Equipment Leasing in Africa’ has urged Small and Medium-Scale Enterprises (SMEs) to leverage the opportunity offered by leasing, as it is becoming increasingly difficult for them to access finance through the banking sector. The report, which was jointly launched by Africa Lease and the International Finance...
The Entrepreneurs Foundation of Ghana has conferred the award of “Best Non-Bank CEO” on Mr. Samuel Sakyi-Hyde, CEO of uniCredit, leading Savings and Loans Company in Ghana. In a citation for the award of “Best Non-Bank CEO” for the year 2017, the Council of the 8th Ghana Entrepreneur and Corporate...
Investors or holders of the ESLA bond have received a total of GH¢500million as the first tranche of interest payments. A statement from ESLA Plc., the Special Purpose Vehicle (SPV) created to manage the bond, said an estimated GH¢228million has been paid as first gross interest payments to investors who...
On March 21, 2017, 44 African leaders gathered at Kigali, Rwanda, to sign the framework that establishes the African Continental Free Trade Agreement (AfCTFA) - aimed at creating a single continental market for goods and services as well as a Customs union with free movement of capital and business...
Despite the ever-widening housing deficit of the country, investment banker and Chief Executive Officer of Databank, Kojo Addae-Mensah, has said that people looking to invest in the real estate sector could be disappointed as the sector may not be as profitable as it is made to seem. Mr. Addae-Mensah, speaking...
Directors, shareholders and managers of rural and community banks (RCBs) in the country have been advised to adhere to prudential regulations of the Bank of Ghana (BoG) and the ARB Apex Bank to pre-empt regulatory sanctions. Mr. Joseph Kofi Amoa-Awuah, Head of the Other Financial Institutions Supervision Department at the...
Bayport Savings and Loans, a member of the Bayport Management Limited (BML) has launched the WE ARE BAYPORT campaign. The campaign is aimed at providing all relevant information about Ghana’s leading payroll-based lender and one of the biggest Savings and Loans company to its customers, investors, stakeholders and others. Managing Director...
The Chief Executive Officer of Digital Square Innovative Technology Solutions, Kwaku Akuamoah, has urged credit union companies to innovate in order to take advantage of the potentials that exist in the financial service sector to remain in competition. He said credit unions in Ghana, today, find themselves in an extremely...