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...
Mortgages remain underdeveloped in Ghana, with the segment facing problems such as a lack of new housing supply, complications surrounding land ownership and a dearth of interest from banks due to issues such as the disconnect between the long-term nature of mortgage investments and Ghana’s mostly short-term banking deposit structure. A relatively...
THE COMPANY: Fan Milk International was founded in 1960 in Ghana by Danish entrepreneur Erik Emborg. In addition to Ghana, Fan Milk International operates in six other West African countries, producing dairy products, juice and juice drinks. Fan Milk has successfully distributed its products to the final...
Risk insured outside Ghana is considered a lost income opportunity, and Ghanaian law and regulations are designed with that in mind. Companies operating in the country are required to insure their risks domestically, or to at least exhaust local capacity before going abroad. However, as economic activity grows in scale and complexity, the size and...
Investment products attract financing, and Ghana’s capital market has been slowed down by a lack of choice. However, a rise in the amount of available corporate bonds will open new doors for investors and widen the financing options available to local companies. This will aid in making borrowing cheaper by disintermediating deposit-taking...
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