The proliferation of insurance companies in Ghana in recent years is indicative of the growth potential of the industry, but has also hindered its maturation. As with many financial sectors in Africa’s frontier markets, fragmentation has limited growth. Larger, heavily capitalised companies are needed to take on the scale of risk inherent in...
Regulators are aiming to use higher capital requirements as a means of encouraging consolidation in the Ghanaian banking sector, in a bid to repeat the success of neighbouring Nigeria. In 2004 the Central Bank of Nigeria’s then newly appointed governor, Charles Soludo, faced a weak and thinly spread financial sector that failed to meet the...
Since the enactment of the 2006 Insurance Act, which promoted the development of local content requirements, the Ghanaian insurance industry has experienced a decade of rapid growth, and the proliferation of private companies and brokers.
After a cyclical lapse lasting two years, Ghanaian capital markets showed promising signs of a steady recovery during the course of 2017. The first year of the government of President Nana Akufo-Addo has seen an improvement in key macroeconomic indicators and a return to strong growth, which along with the steady issuance of new government...
The One District, One Factory initiative is a key component of the current administration’s industrial transformation agenda. It is designed to set up at least one medium- to large-scale industrial enterprise in each of Ghana’s 216 districts. This programme will stimulate local economies by creating employment for the youth in rural and peri-...
After a smooth transition of power, the new government, in an effort to reduce income shocks that could affect future financing costs, restructured its debt profile by introducing 15-year domestic bonds to the market. A total of GHS207bn ($50bn) in securities were issued by the government of Ghana, the Ghana Cocoa Board, the Bank of Ghana and...
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