What can be done to improve the ability of Ghanaian banks to cater to larger scale projects?
Ghana
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Interviews & Viewpoints | David Awuah-Darko, Managing Director, IC Securities, on mergers and acquisitions activity from The Report: Ghana 2013
Conventional wisdom has long suggested that Ghana would never be a hotbed of mergers and acquisitions (M&A) activity, given the ultra-conservative nature and fiercely proprietary culture of its first few generations of successful entrepreneurs. That myth has been debunked in recent years as the deal-making market has come to life with a...
Articles & Analysis | More to come: Resource revenues spur growth and infrastructure investment from The Report: Ghana 2013
Outperformance remains the key feature of Ghana’s economy, seven years after the discovery of oil prompted new optimism in the country, which was then celebrating the golden jubilee of its independence. But the GDP growth experienced in 2012 and in the early part of 2013 has been accompanied by an expansion in government borrowing and a worrying...
Articles & Analysis | A new alternative: Efforts are under way to encourage small businesses to list from The Report: Ghana 2013
In a bid to stimulate more activity and to encourage a broader range of businesses to engage with the Ghana Stock Exchange (GSE), an alternative exchange was launched in May 2013 with the aim of helping develop small and medium-size enterprises (SMEs). The Ghana Alternative Market (GAX) has fewer requirements, faster procedures and additional...
Articles & Analysis | Big players: The market remains dominated by six major banks from The Report: Ghana 2013
Although there are 26 currently licensed universal banks in Ghana and others hoping to join the sector, the market is dominated by six lenders. Between them they have a 51.2% overall share when ranked by assets, although the fact that this has slid from 62% in 2007 indicates the extent to which the market is becoming more competitive.
