The Managing Director of EDC Investments Ltd, Paul Kofi Mante has advised salaried workers to invest and explore other streams of income in order to attain financial independence.According to him, depending solely on monthly salary will only manage poverty and will never help one achieve financial independence to live...
Aggrieved customers of First Fund are lamenting over the Securities and Exchange Commission’s (SEC) inability to retrieve their locked-up cash months after appointing a second fund management company, OctaneDC, to oversee distribution of the money.SEC took over management of the fund from First Banc and gave it out first...
Ventures Platform, an African early-stage investment fund that supports startup companies on the continent, has announced the closure of a first tranche of US$40 million, to invest in market-creating innovations.With the completion of this transaction, a second component of the fund is due to take place in early 2022...
Collective investment schemes are investment vehicles that allow investors with similar objectives to pool their funds together with the aim of investing the funds for an objective specified in the scheme particulars also known as the prospectus. The common interest of the investors demonstrated in the scheme particulars they...
IFC provided record financing in fiscal year 2021 in the Middle East and Africa to help thousands of small businesses access finance, connect people and businesses to reliable digital infrastructure, trade and services, and help to meet critical health needs amid the COVID-19 pandemic. The financing reached US$10.4 billion.IFC's...
“Green bond plays a fundamental role in getting us to a Netzero future. We have to do it and we have to start NOW!” – John Gandolfo (VP & Treasurer, IFC)The first time I heard of green bonds, I was baffled. I thought the color of the bond certificate...
Government, as part of efforts to ensure sustainable economic growth, jobs and income, has drawn up a strategy meant to fully retain all Foreign Direct Investments (FDIs) the nation records.The strategy has brought together regulatory bodies and government agencies which have developed a platform that would solicit and resolve...
The Securities and Exchange Commission (SEC) has introduced a series of public education programs dubbed Capital Market Financial Education Forum (CMFEF) designed for key stakeholders in the Ghanaian capital market.The first of the series begun under the theme, ‘Understanding the Mandate and Regulatory Toolkit of the SEC'. The programme...
Although developing countries attracted a record share of global foreign direct investment in 2020, finance for infrastructure and productive sectors fell significantly, weakening their COVID-19 recovery prospects.Foreign direct investment (FDI) flows to developing economies have shown relative resilience to the COVID-19 crisis, falling by just 12% in 2020 compared...
Access to finance continues to be a major hinderance to the growth of small businesses. This challenge has been attributed to small businesses inability to provide collateral to secure funding, inability to demonstrate adequate traction, inadequate knowledge and experience as well as lack of adequate information on the operations...