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...
Man Capital LLP, an investment firm and subsidiary of the Egyptian Mansour Group, has entered into a US$120million investment agreement with Ghana’s Right to Dream football academy to boost the academy’s growth in nurturing football talents, making it the biggest investment in the history of Ghanaian football.
The partnership, which...
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...
The Ghana Incentive-Based Risk-Sharing System for Agricultural Lending (GIRSAL) has partnered the Alliance for a Green Revolution in Africa (AGRA) to launch a portal that provides information on agriculture to financial institutions to aid them in loan assessments relating to agric.
The platform - the GIRSAL Agriculture and Agribusiness Knowledge...
Government is expected to accrue US$1.56billion as export tax from a US$60billion investment into the establishment of the Petrochemical Hub in the Western Region, a report of the select committee on Mines and Energy on the Petroleum Hub Development Corporation Bill. 2020 has revealed.
According to the report presented to...
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...
Why are stock-market valuations soaring when the real economy remains so fragile? One factor has become increasingly clear: The crisis has disproportionately affected small businesses and low-income service workers.
They are essential for the real economy, but not so much for equity markets. True, there are other explanations for today’s...
The first few quarters of the year have been dominated by events related to the health and economic pandemic – including loss of life and economic livelihood. Ghana’s GDP, according to the most recent forecast from the Ministry of Finance, of 0.9% is the lowest the country has recorded...
Welcome to another week of financial learning. I believe we are all well and staying safe under these "abnormal" COVID-19 times!
In today’s article, I will be looking at lifestyle and its impact on our personal financial goals and how we can readjust to be financially independent.
Many of us have...