Characterised by relatively low liquidity and limited activity on the equity side, Ghana’s capital markets have a moribund corporate debt market, though the government bond market is more active. However, transaction values have been rising and pension reforms being undertaken in 2012 are set to inject significant new funds into the market, which...
Lack of access to credit and high borrowing rates are significant problems for Ghanaian businesses and for small and medium-sized enterprises (SMEs) in particular. These issues are a result of factors such as the high cost of doing business for banks, competition from government borrowing and problems particular to SMEs, such as lack of collateral...
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...
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