Ghana Market Profile

March 4, 2015 - 11:38am from Microfinance Africa
The Central Bank will soon close down forty illegal microfinance companies across the country. The Bank received a directive to carry out the exercise after publishing names of 20 of such companies last year. Mr. Raymond Amanfu, who is with the Financial Services Department of the Bank of Ghana told Starr News the Bank is going through the necessary procedures towards effecting the closure. “We have just got approval. We are just going to go through what the law says ...
March 3, 2015 - 5:19pm from Google news - microfinance
GhanaWeb
February 17, 2015 - 1:56pm from Microfinance Africa
A GH¢1,055,582 fraud has been uncovered at the Microfinance and Small Loans Centre (MASLOC). An acting Director of Operations of the scheme, Ken Kwaku Boadi Asare, is alleged to have forged 102 non-existing business associations to advance GH¢1,055,582 to two financial institutions. The suspect, who is currently on interdiction, is alleged to have acted in connivance with some regional officers of MASLOC to perpetrate the crime. Investigators of the Economic and ...
February 16, 2015 - 2:00pm from Private Sector Development Blog
This article was originally published in SXSWorld Magazine   Hardly a day goes by without an African tech startup being featured in the mainstream media. CNN regularly updates its special report on the topic; The Guardian covers
February 13, 2015 - 5:23pm from Center for Financial Inclusion Blog
> Posted by Center Staff On Wednesday, a new joint-initiative was launched that puts free financial education lessons into the phones of Tigo’s seven million mobile subscribers in Colombia. The service, Su Dinero (Your Money), features online financial education content from Microfinance Opportunities (MFO) tailored to the local ...
February 13, 2015 - 4:55pm from Microfinance Africa
Christian Community Microfinance Limited (CCML) has donated a 5-seater Biofil place of convenience at the old Nsawam hospital. The construction of the Biofil facility was fully funded and overseen by CCML and is part of the financial institution’s corporate social responsibility projects directed towards community development. A press release issued to the Ghana News Agency on Wednesday in Accra, said, Mrs. Mary Mariamah Armah, General Manager Corporate Affairs CCML, who ...
February 12, 2015 - 5:16pm from Center for Financial Inclusion Blog
> Posted by Aissatou Diallo, Special Assistant to the CEO, BRAC USA #462412584 / gettyimages.com For the three countries most affected by Ebola – Liberia, Sierra Leone, and Guinea – the impact of the disease on society came in waves. The first wave happened around March, after the virus was first confirmed in the region. It was ...
February 12, 2015 - 3:28pm from About Microfinance
Click here to view the video on YouTube. Click here to view the video on YouTube. While microcredit was the linchpin of microfinance for some four decades, in the past 10 years savings by the poor has taken a foothold in ...
February 12, 2015 - 2:24am from Google news - microfinance
Christian Community Microfinance donates to Nsawam hospitalGhanaWebAfter a series of transition as an institution and extending its focus to the general public, the company ...
February 9, 2015 - 4:09pm from Center for Financial Inclusion Blog
> Posted by Alexandra Rizzi, Deputy Director of the Smart Campaign, and Jami Solli, Independent Consultant and Founder of the Global Alliance for Legal Aid When clients are facing loan default, they’re often in the most precarious financial position of their lives. As we detailed on this blog last week, navigating ...
February 5, 2015 - 1:54pm from Microfinance Africa
Mr James Agada, a Director at Computer Warehouse Group (CWG) Ghana Limited has urged Microfinance institutions (MFIs) to make the most of the opportunity that technology has created in the financial ecosystem to grow their businesses. He said MFIs could utilise the benefits of technology to grow their businesses at a much lower cost, which would go a long way to extend their reach in the country’s financial industry. Mr. Agada made the call at the meeting of the Ghana ...
February 5, 2015 - 12:18am from Google news - microfinance
MFIs urged to tap into technology for growthGhanaWebMr James Agada, a Director at Computer Warehouse Group (CWG) Ghana Limited has urged Microfinance institutions (MFIs) to ...
February 2, 2015 - 4:01pm from Center for Financial Inclusion Blog
> Posted by Alexandra Rizzi, Deputy Director of the Smart Campaign, and Jami Solli, Independent Consultant and Founder of the Global Alliance for Legal Aid Imagine you are a new microfinance loan officer in a rural area of your country and extremely proud to have found a stable, well-regarded job. Your sales territory, while requiring significant travel, is familiar – this is where your father’s extended family is from, and in fact, a few of the borrowers in your ...
January 27, 2015 - 9:56am from Google news - microfinance
Moneycontrol.com
January 26, 2015 - 12:41pm from Microfinance Africa
Microfinance in Ghana has a future, provided its practitioners learn to stay within their remit of operations, says Raymond Amanfu, BoG’s Head of Other Financial Institutions Supervisory Department, the unit in charge of microfinance companies. “I think microfinance has a future but a very cautious one. Operators have a future provided they stay within their scope of operations. These institutions are small and not sophisticated in terms of risk management practice and product ...
January 23, 2015 - 1:08am from Google news - microfinance
GhanaWeb
January 23, 2015 - 1:07am from Google news - microfinance
GhanaWeb
January 22, 2015 - 4:01pm from Center for Financial Inclusion Blog
> Posted by Joshua Goldstein aka Mr. Provocative #182607283 / gettyimages.com Last week some Democrats blasted conservative U.S. Senator Rand Paul for saying that many people who receive Social Security disability benefits are gaming the system. “What ...
January 17, 2015 - 1:52am from MicroCapital
The Commonwealth Development Corporation (CDC), a development finance institution owned by the UK government, has announced that it has made an equity investment of USD 11 million in Utkarsh, a northern Indian microfinance institution (MFI) [1]. CDC also announced a “top-up” investment of USD 3.5 million in Advans SA, a Luxembourg-based organization that builds and supports MFIs in Africa and Asia. The investment in Utkarsh was part of the MFI’s fourth round of funding, which ...
January 14, 2015 - 2:45pm from Google news - microfinance
spyghana.com