Africa Economy

THE GROUP: Enterprise Insurance Company (EIC) was established in 1924 and is the oldest insurance company in Ghana. It was originally known as Royal Exchange Assurance Corporation UK, before it changed its name to Guardian Exchange Assurance Ghana and finally to EIC in 1977.

After rising 71.8% in 2013, Ghana’s stocks had a modest 2014, with the benchmark index up just 5.4% (and most of that rise seen in the beginning of the year following on the 2013 rally). To a great extent, the muted performance reflected external circumstances. As with the banking sector, equities were in competition with government securities...

THE COMPANY: Ghana Oil Company Limited (GOIL) was incorporated as a private limited liability company on June 14, 1960 as AGIP Ghana Company Limited with the objective of marketing petroleum products and related products – particularly fuels, liquefied petroleum gas, lubricants, bitumen, and...

THE BANK: Société Générale Ghana, a strong local bank, is one of the leading financial institutions in Ghana. It operates 37 fully networked branches, agencies and outlets across the country and serves a wide range of corporate customers, individuals and small and medium-sized enterprises.

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...

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...