Ghana is pushing ahead with efforts to strengthen its domestic banking sector, encouraging the consolidation of local institutions.
Financial Services
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An improved commodity outlook and renewed economic stability are combining to ease foreign currency shortages in Papua New Guinea, as the government looks to tap international money markets.
Officials have firmed up the timeline for when foreign insurers will be allowed to enter the Myanmar market, a move that is expected to boost competition and lift penetration rates.
Interviews & Viewpoints | Viable solutions: Loi Bakani, Governor, Bank of Papua New Guinea (BPNG), on the national budget, financial technology and APEC 2018 from The Report: Papua New Guinea 2018
Articles & Analysis | Growth unchained: New technologies coupled with infrastructure upgrades are expanding access to financial services from The Report: Papua New Guinea 2018
Financial inclusion remains persistently low in Papua New Guinea, with an estimated 63% of the population remaining unbanked. This has prompted the Bank of PNG – the country’s central bank – and several private institutions to explore financial technology (fintech) as a means to improve access to financial services. Beginning in mid-2017 the...