What can be done to improve the ability of Ghanaian banks to cater to larger scale projects?
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Interviews & Viewpoints | David Awuah-Darko, Managing Director, IC Securities, on mergers and acquisitions activity from The Report: Ghana 2013
Conventional wisdom has long suggested that Ghana would never be a hotbed of mergers and acquisitions (M&A) activity, given the ultra-conservative nature and fiercely proprietary culture of its first few generations of successful entrepreneurs. That myth has been debunked in recent years as the deal-making market has come to life with a...
Articles & Analysis | A new alternative: Efforts are under way to encourage small businesses to list from The Report: Ghana 2013
In a bid to stimulate more activity and to encourage a broader range of businesses to engage with the Ghana Stock Exchange (GSE), an alternative exchange was launched in May 2013 with the aim of helping develop small and medium-size enterprises (SMEs). The Ghana Alternative Market (GAX) has fewer requirements, faster procedures and additional...
Articles & Analysis | Big players: The market remains dominated by six major banks from The Report: Ghana 2013
Although there are 26 currently licensed universal banks in Ghana and others hoping to join the sector, the market is dominated by six lenders. Between them they have a 51.2% overall share when ranked by assets, although the fact that this has slid from 62% in 2007 indicates the extent to which the market is becoming more competitive.
Articles & Analysis | A global perspective: Foreign companies are showing increased interest in the sector from The Report: Ghana 2013
As part of a broader trend of increased interest in the continent’s frontier markets – even amidst the potential of a tapering in the US Treasury’s bond-buying programme – Ghana’s profitable banking sector and rapidly expanding economy have attracted an increasing number of foreign investors eager to explore the prospects for growth in the country....
While insurance penetration is still modest by emerging market standards, headline indicators are improving significantly. Over the past five years, revenue from insurance premiums has averaged 32% growth, with the life segment seeing 38.1% expansion over this same period. Microinsurance is expected to be a major growth driver given the cost-sensitivity of policies. As of 2010, between 160,000...