As it works to expand its economy, Ghana has proven that it is open to becoming a fertile testing ground for innovations. Mobile microinsurance is one example that has come out of this forward thinking, as has index insurance, which has the potential to not only boost coverage in rural areas, but also prime the agricultural sector for growth. Index...
While government bonds are a popular form of investment among both retail and institutional investors, there are currently no corporate bonds listed on the Ghana Stock Exchange (GSE). However, the government is undertaking an initiative to encourage more issues and listings, and developments such as pension reform are set to spur increased activity...
In a nutshell, one can say that the Ghanaian economy has continued to witness significant growth, despite both international and domestic headwinds. In the last decade or so, Ghana’s average GDP growth has been one of the highest in sub-Saharan Africa. In 2011 the economy grew at the fastest rate in the world, bolstered by the newly added oil...
While small and medium-sized enterprises (SMEs) in many ways constitute the backbone of the economy, they continue to face challenges, one of the largest of which is access to finance. Alongside initiatives to improve the availability of bank credit (see Banking chapter), the authorities are moving to create an equity market for SMEs with reduced...
The insurance market may lose some players in the next few years, if a plan headed by the National Insurance Commission (NIC) to encourage consolidation through minimum capital requirements is successful. The list of leading insurers is also expected to change after some potential mergers and acquisitions. “Five of the big companies control about 65...
THE COMPANY: HFC Bank Ghana was incorporated in May 1990 as the Home Finance Company under the Companies’ Act 1963 (Act 179), and obtained its licence as a non-bank financial institution in August 1994. The bank, which commenced operations as a mortgage finance institution in July 1990, has since evolved...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×