Ghana Market Profile

August 27, 2014 - 2:00pm from Acumen Fund Blog
Bavidra Mohan, Acumen’s India Fellows Manager, attended this years Aspen IDEAS festival as a Scholar. The Scholarship program was established to invite guests from around the world to bring a diverse set of experiences, voices and perspectives to the rich conversations that take place at the IDEAS festival each year. Numerous attendees, ranging from Presidential candidates to musicians, discussed the type of leadership that we need in the world today. I found myself in a ...
August 27, 2014 - 5:03am from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the US-based World Bank Group, recently announced that it will enter into an advisory services agreement with Airtel Zambia, a subsidiary of the Indian telecommunications company Bharti Airtel. Under the agreement, Airtel Zambia will receive advisory services valued at USD 1 million from IFC over a period of three years. The aim of the advisory project is to increase access to mobile financial services in ...
August 21, 2014 - 12:51am from Private Sector Development Blog
The great-power G8 have been bickering about geopolitics, the economic G20 have been fretting about growth, and the aspiring G24 have been jostling for policy influence. But this summer’s ultimate contest in international relations has focused instead on the
August 20, 2014 - 3:20pm from Accion Ambassadors
The hope I had to go to Dar Es Salaam while writing my fist post is now all faded. Long story cut short: I’ll have to wait until next time to visit beautiful Tanzania, as my proud-to-be-Tanzanian friends call it. However, readers, please thank God for the Internet. That amazing invention allows you to be in a place without actually being there. I know this doesn’t make ...
August 20, 2014 - 12:24pm from Microfinance Nigeria
The Bank of Ghana has moved to prevent microfinance companies in operation from changing their names to cover their tracks after failing to manage depositors’ funds prudently. The central bank said the move follows its observation that some of the companies change their names in an attempt to hide liquidity challenges and seek a fresh start. The Head of Other Financial Institutions Department of the Bank of Ghana, Raymond Amanfu, said the central bank took the decision to ...
August 20, 2014 - 12:19pm from Microfinance Africa
The Bank of Ghana has moved to prevent microfinance companies in operation from changing their names to cover their tracks after failing to manage depositors’ funds prudently. The central bank said the move follows its observation that some of the companies change their names in an attempt to hide liquidity challenges and seek a fresh start. The Head of Other Financial Institutions Department of the Bank of Ghana, Raymond Amanfu, said the central bank took the decision to ...
August 19, 2014 - 12:22pm from Google news - microfinance
Citifmonline
August 19, 2014 - 12:14pm from Microfinance Nigeria
Microfinance companies have been urged not to charge high, unsustainable interest rates. This is because such rates, which have been described as worrying, could affect the quantum of deposits at the companies. The Head of Other Financial Institutions Supervision Department of the Bank of Ghana (BoG), Mr Raymond Amanfu,made the remark at the third annual general meeting (AGM) of the Ghana Association of Microfinance Companies (GAMC) in Accra. It had the theme: “The ...
August 19, 2014 - 12:14pm from Microfinance Africa
Microfinance companies have been urged not to charge high, unsustainable interest rates. This is because such rates, which have been described as worrying, could affect the quantum of deposits at the companies. The Head of Other Financial Institutions Supervision Department of the Bank of Ghana (BoG), Mr Raymond Amanfu,made the remark at the third annual general meeting (AGM) of the Ghana Association of Microfinance Companies (GAMC) in Accra. It had the theme: “The ...
August 18, 2014 - 5:03am from MicroCapital
Mobile Telecommunications Network (MTN) Ghana, the Ghanaian arm of South Africa-based MTN, reportedly has partnered with several unspecified microfinance institutions (MFIs) in Ghana to allow the MFIs’ customers to use the MTN Mobile Money service to make loan payments.MTN Mobile Money is also partnered with Ghana’s Ministry for Gender, Children and Social Protection, the government agency charged with promoting social equality and the rights of children, to provide funds to beneficiaries ...
August 17, 2014 - 12:17pm from Google news - microfinance
Microfinance companies record Ghc58,830 profitGhanaWebThe Ghana Association of Microfinance Companies (GAMC) made a pre-tax profit of Ghc62,579 in 2013 compared with the Ghc294,516 ...
August 14, 2014 - 11:21am from MicroCapital
The African Development Bank (AfDB), a multilateral finance institution based in Tunisia and gives loans and grants to governments and private companies in Africa, reportedly has raised NGN 12.95 billion (USD 80 million) by issuing a 7-year local-currency bond in the Nigerian market. The bank previously received approval from the Security Exchange Commission of Nigeria, the government agency mandated to regulate the Nigerian capital market, to issue medium-term notes worth NGN 160 billion ...
August 13, 2014 - 11:53am from MicroCapital
The Bank of Ghana (BoG), the central bank of the country, reportedly has implemented more stringent regulations for microfinance institutions (MFIs) in an effort to address an increase in discontinued organizations and stolen customer deposits, which reportedly have been attributed to “bad management practices, increasing non-performing loans, fraudulent activities and expansion without commensurate increase in capacity. Raymond Amanfu, the head of the central bank’s Other Financial ...
August 11, 2014 - 6:40pm from Microfinance Focus
The social enterprise model has gained media attention, spreading across Europe and worldwide as an innovative alternative to traditional corporate governance. This new business structure is still in its formative ...
August 11, 2014 - 6:25pm from Microfinance Focus
The Ghanan branch of Mobile Telecommunications Network, a leading emerging markets mobile operator, announced intentions to partner with microfinance institutions in the region to help microfinance clients to receive and pay loans using MTN Mobile Money. Mr Serame Taukobong, Chief Executive Officer of MTN Ghana, told attendees at the official opening of the 3rd Mobile Money Month celebrations, “I am confident that a cashless society is not far off.” Ghana is second in MTN’s ranking ...
August 11, 2014 - 1:14pm from Microfinance Nigeria
MTN Ghana has revealed plans to partner with a variety of microfinance companies. The partnership is intended to assist customers to receive and repay loans via the Mobile Money wallet. According to MTN Ghana, Mobile Money is in partnership with the Ministry for Gender, Children and social Protection in the disbursement of funds to LEAP beneficiaries across the country. MTN Ghana CEO, Serame Taukobong stated that: “I am confident that a cashless society is not far off.” ...
August 11, 2014 - 1:14pm from Microfinance Africa
MTN Ghana has revealed plans to partner with a variety of microfinance companies. The partnership is intended to assist customers to receive and repay loans via the Mobile Money wallet. According to MTN Ghana, Mobile Money is in partnership with the Ministry for Gender, Children and social Protection in the disbursement of funds to LEAP beneficiaries across the country. MTN Ghana CEO, Serame Taukobong stated that: “I am confident that a cashless society is not far off.” ...
August 11, 2014 - 6:33am from Google news - microfinance
IT News Africa
August 10, 2014 - 3:56pm from Google news - microfinance
MTN Ghana to partner with microfinance companiesTelecompaper (subscription)MTN Ghana has announced plans to partner microfinance companies so ...
August 8, 2014 - 4:18pm from Acumen Fund Blog
What are you reading? It is a common question here at Acumen, an organization full of avid readers constantly trading favorite book titles that discuss leadership, impact, development and branding. Here are 10 stellar books we’re reading this summer. These books and others provide a framework of thinking, a spark of new ideas, a platform for debate. So, what are you reading? Georgia Stevenson, BD & Communications Pakistan Summer Associate