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...
The Ghana Investment Promotion Centre (GIPC) has engaged the diaspora community to increase Foreign Direct Investments (FDIs) and Diaspora Direct Investments (DDIs) inflows into the country.
The diaspora investment campaign, which took place in about five states in the USA, was part of plans to meet the Centre’s US$3billion target...
In accordance with the provisions of the Insurance Act, 2006 (Act 724), mandating Insurance Companies to separate the general insurance business from the life business, QLAC was established.
Quality Life Assurance Company Limited (QLAC) was incorporated on 23rd October 2007. The Company commenced operation on the 1st of January 2008. Before then...
Executive Director in charge of retail and wealth management at Bora Capital Advisors, William Mensah, says lowering the cost of running Collective Investment Schemes in the country by reducing management and administrative fees will enable the industry’s growth and have a wider effect on the economy.
Collective Investment Schemes (CIS)...
The Nation Development Planning Commission (NDPC) has launched a long-term development framework for Ghana, dubbed the Ghana@100 Long-term Development Framework. The main aim of the Ghana@100 Long-term Development Framework is to have a democratic, inclusive self-reliant and developed country by the time Ghana is 100 in the year 2057.
At...
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...
Investors seeking to preserve the value of their funds amid weaker confidence, eroded reserves and elevated cedi vulnerabilities should consider taking positions in commodity-backed exchange-traded funds (ETFs) as a hedging strategy, research arm of GCB Capital, has said in its quarterly strategy outlook for 2023.
The report recommends that investors...
dividend payout to be major driver
ICT, OMCs stocks up, banking down
The Ghana Stock Exchange (GSE) is poised to get back to winning ways, returning as much as 12.03 percent to investors by the close of this year, a recent analysis by investment advisory firm Databank has suggested.
This...
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...
In order to create a much deeper, more liquid corporate bond market in Ghana, State-owned Enterprises (SOEs), particularly those under the control of the Ministry of Finance and the Social Security National Insurance Trust (SSNIT), must as a matter of urgency, initiate measures to begin listing debt and equity...