To what extent did the banking sector successfully navigate the Covid-19 pandemic?
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Interviews & Viewpoints | Abena Osei-Poku, Managing Director, Absa Bank Ghana: Interview from The Report: Ghana 2022
Articles & Analysis | What is behind Ghana's successful banking performance in 2020? from The Report: Ghana 2022
Moves prior to the Covid-19 pandemic to shore up the banking sector proved prescient, as it put local institutions in an advantageous position to face the unique challenges posed by the health crisis. After a sector clean-up, both assets and deposits rose as asset quality improved, and higher minimum capital requirements ensured that banks...
Articles & Analysis | How are Ghana's financial support schemes supporting small businesses? from The Report: Ghana 2022
The banking sector has played a key role in mitigating the effects of the Covid-19 pandemic on small and medium-sized enterprises (SMEs). Banking authorities and institutions moved swiftly to ease the economic pressure on SMEs and other entities in the early months of the crisis. In late March 2020 interest rates were cut by two percentage...
Interviews & Viewpoints | Ernest Addison, Governor, Bank of Ghana (BoG): Interview from The Report: Ghana 2022
How do you assess the soundness of Ghana’s banking sector, and how did it fare during the pandemic?
Articles & Analysis | Will Ghana's new fintech office help boost financial inclusion? from The Report: Ghana 2022
Ghana is looking to leverage financial technology ( fintech) to boost participation in the banking sector, utilising digital services that are accessible and affordable to improve customers’ experiences. High levels of mobile phone penetration have facilitated this movement; Ghana boasts West Africa’s highest unique subscriber penetration rate...
Articles & Analysis | Can Ghana's new legislative framework modernise the insurance market? from The Report: Ghana 2022
Ghana’s National Insurance Commission (NIC) has been working in recent years to implement a series of changes aimed at enhancing access to coverage, diversifying products and bolstering awareness in the general public about the importance of insurance. The Covid-19 pandemic further underscored the need to bolster the market. “The financial...