… Financial market reflection
Financial markets are very fundamental to the economic development of every nation. Through the financial intermediation process, scarce financial resources are efficiently allocated to productive sectors of the economy. Surplus funds are channelled from surplus-spending units to deficit-spending units.
For the financial market to be efficient in...
The COVID-19 pandemic has brought along in its wake disruptions never experienced in world history. However, it has presented a few opportunities and one such opportunity is that it has remarkably pushed the country’s cash-lite agenda.
Summary of Economic and Financial data (May 2020 edition) shows that mobile money platform...
While the world is feverishly looking for a vaccine that can cure the COVID-19 pandemic that is ravaging the global community, the Republic of Madagascar has come out with a herbal remedy it believes is the answer to the world’s quest for a cure.
Madagascar’s Minister of Communication, Lalatiana Andriamanarivo...
The internet has revolutionized our society at an unprecedented speed, with mobile a key tool supporting its rapid growth. A recent study by the International Telecommunication Union (ITU) found that a 10% increase in mobile broadband penetration yields a 1.8% increase in GDP in middle-income countries and a 2%...
What makes a truly excellent service experience?
In my years of studying service experiences, both the excellent and not-so-great, I have managed to catalogued some interesting experiences. Some I read of, others I heard of and still others, I personally experienced. In analysing all these experiences, I have always made it a...
One of the fastest growing digital payments markets in Africa, Ghana, gives the digital revolution a new meaning. The unprecedented growth of the digital economy in Ghana in recent years, especially its penetration in rural areas, speaks of the opportunities it offers in terms of social inclusion and accessibility....
Rural and Community Banks play a vital and unique economic role in rural communities by providing credit to small scale farmers and small businesses, as well as the very low income earner They also support rural development projects through corporate social responsibility activities.
Currently, there are 144 Rural and Community...
Maya Angelou once said, “People will forget what you said, people will forget what you did, but people will never forget how you made them feel.”
Two weeks ago, I shared a few practical tips on how banks can use relationship banking to protect their customers’ funds. Last week, I...