Even though their umbrella sector – services - remains the largest contributor to GDP in the country, holding 56.2 percent of economic activities, the financial and insurance subsectors saw a drop in their contribution to the economy from 9.4 to 8.8 percent, Ghana Statistical Service (GSS) data have shown.
The...
Poor corporate governance in the financial sector is to blame for the collapse and struggles of many banks and savings and loans companies in the country, Dr. Williams Abayaawien Atuilik, a chartered economist and banker has said.
According to him, research has indicated that some board members of financial institutions...
Ecobank is inviting African fintech entrepreneurs to enter its Ecobank Fintech Challenge. Now in its second year, the initiative gives African start-ups the chance to promote their fintech solutions, and potentially to partner Ecobank in rolling-out their solutions across Ecobank’s 33 markets.
Ecobank is currently welcoming submissions from all start-ups and...
In contributing to the nation’s development by seeing to the continuous expansion of the nation’s infrastructure and increase in job-creation, Standard Chartered Bank Ghana Limited has committed to always complying with Ghana’s tax laws.
According to the bank, it is time to push for more and continuous economic growth, which...
The US$50million Oasis Africa Venture Capital Fund has officially been launched to support Small and Medium Enterprises (SMEs). The fund has the capacity to invest between US$500,000 to US$5million in one investee.
At a short but impressive ceremony, Matteew Boadu Adjei, Chief Executive Officer of Oasis Capital, a growth capital...
Kumasi has always been noted as the centre of small businesses and entrepreneurship. The city boasts a great array of businesses, both indigenous and foreign, as well as business personalities of great repute.
With the business climate arguably excellent for startups and young entrepreneurs, Kumasi is fast becoming one of...
The Venture Capital Trust Fund (VCTF) has not lived up to its potential to transform the fortunes of small and medium-scale enterprises (SMEs) in the country and support government’s growth agenda, Albert Essien - a banking and finance consultant, has said.
“I think it should have been the real...
In contributing to the nation’s development by seeing to the continues expansion of the nation’s infrastructure and increase in job creation, the Standard Chartered Bank Ghana Limited has committed to always complying with Ghana’s tax laws.
According to the bank, it is time to push for more and continues economic...
“For bitcoin to gain global acceptance and be used as a competitor money to dollar, euro and pound, it must be accepted everywhere, it must be very stable and credible,” Former of Head Global Markets, Stanbic Bank Ghana, Inusah Musah has said.
Inusah Musah made this disclosure at the second...
Moody’s ratings agency has said the decision by banks in the country to move away from short-term government securities to long-term securities is just about enough for these banks to cut their losses as interest rates on the short-term Treasury bills decline.
The 91-day Treasury bill yield declined 753 basis...