THE BANK: Standard Chartered Bank Ghana has been in operation since 1896 when it was known as the Bank of British West Africa. After Ghana’s independence, the bank’s name was changed to Bank of West Africa Limited and upon a merger with Standard Bank in 1969, the name was changed to Standard Bank of...
Capital requirements for domestic insurers have been increased over a number of years. Minimum levels were set in the Insurance Law of 1989, and since then a series of adjustments have been made to strengthen balance sheets and account for changes in global standards. Capital requirements have also been hiked to encourage the merger of smaller...
Access to long-term capital remains a major barrier to private sector growth in Ghana. Firms access long-term capital primarily through the capital markets, and as the economy continues to expand, demand for long-term capital to facilitate strong growth will also continue to rise. In Ghana the cost of capital, access to credit and access to...
THE COMPANY: Total Petroleum Ghana was incorporated in Ghana on December 31, 1951 as Socony-Vacuum Oil Company (Gold Coast Limited). It was at that point a wholly-owned subsidiary of Socony-Vacuum Oil of the US. The name of the Ghanaian subsidiary was changed from Mobil Oil Gold Coast to Mobil Oil...
High expectations for the impact of pension reforms on the performance of equity markets and bonds have been deflated after the funding issues and technical glitches slowed the flow of investments from the second tier of the revised pension system. Hundreds of millions of cedis had been expected to be invested annually as 5% of wages were...
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