Performance in the Ghanaian life insurance market has shown mixed results. While some providers have remained profitable despite the challenging environment caused by the crisis in the banking sector (see Banking chapter), others are struggling to achieve underwriting profitability. Those that are securing a margin are doing so with the help...
The equity market experienced reduced performance in recent years, with the Ghana Stock Exchange (GSE) Composite Index returning -0.29% and -10.44% in 2018 and September 2019, respectively. This is down from a high of 52.37% in 2017. Market capitalisation as of end-September 2019 was GHS56.3bn ($10.9bn), down from GHS66.1bn ($12.8bn) one year...
As Ghana enters an election year in 2020, sector stabilisation and reform are key focuses within the capital markets arena. While the regulator is taking steps to shore up market confidence in the short term in light of recent banking and asset management reforms, the long-term ambition of exchange authorities is to introduce new products and...
A regulatory crackdown on poor business practices and weak capital positions in Ghana’s banking sector has resulted in a series of market exits since August 2017. The outcome is a smaller but more sustainable banking industry, though this has come at a price. The Bank of Ghana (BoG) puts the total costs of its clean-up operation at some GHS10....
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