Ghana Market Profile

September 18, 2014 - 12:16pm from Microfinance Africa
George Nkansah Afful, the Chief Executive Officer of Unicorn Happy Investment (UHI) — a micro-finance institution, has urged the Bank of Ghana (BoG) to lend to registered micro-finance companies at lower rates to enable them on-lend at competitive rates to the micro, small and medium enterprises. The special dispensation, he argues, would go a long way to further boost the micro, small and medium scale businesses in the country and create much-needed ...
September 17, 2014 - 1:49pm from Center for Financial Inclusion Blog
> Posted by Danielle Piskadlo, Manager, Investing in Inclusive Finance, CFI #75024752 / gettyimages.com Shakespeare asked, “What’s in a name? That which we call a rose by any other name would smell as sweet.” Having recently married and changed my last name, I can attest that there is a refreshing feeling that comes with a new ...
September 15, 2014 - 12:54pm from Microfinance Africa
Mrs Sedinam Christine Tamakloe Attionu, Chief Executive Officer (CEO) of the Microfinance And Small Loan Centre (MASLOC), has reaffirmed MASLOC’s commitment to giving small loans to traders towards poverty reduction in Ghana. She said the loans were in line with MASLOC’S policy of supporting the needy to grow their businesses and to create jobs and wealth. Mrs Attionu gave the assurance in Accra when she handed over a dummy cheque of Ghc430,700 to support 303 ...
September 12, 2014 - 9:43pm from Innovations for Poverty Action Blog
Ariela Alpert & Sarah Craig   Enter almost any market in Uganda, Nepal, or Peru and you are likely to find streets filled with shops all selling the same items, whether it be rows of tire shops, stores selling the same wooden furniture, or shoe shop after shoe shop. It seems that if some of these firms merged to achieve larger scale, they could make more money. Are these firms behaving irrationally, or is the market set up in a way that allows many small businesses to ...
September 10, 2014 - 2:16pm from Center for Financial Inclusion Blog
> Posted by Guy Stuart and Eric Noggle, Executive Director and Research Officer, Microfinance Opportunities In our first post in this series, we described the need for an approach to financial education that was both effective and scalable, and we offered embedded education as a potential solution. Our
September 9, 2014 - 4:09pm from Financial Access Initiative Blog
How can we extend financial products and services, like microinsurance, to low-income consumers at scale? In theory, “low touch” sales and services can reach large numbers of people at low cost.  But so far, attempts to enroll new customers without active sales efforts have largely failed. As a result, “high touch” sales and distribution channels are seen as necessary to convince low-income consumers to purchase financial products, especially unfamiliar and complex ones such as ...
September 3, 2014 - 4:05pm from Center for Financial Inclusion Blog
> Posted by Guy Stuart and Eric Noggle, Executive Director and Research Officer, Microfinance Opportunities Last week’s post discussed how we implemented an embedded education program with VisionFund and Zoona in Zambia that leveraged touch points in an effort to improve clients’ financial capabilities. While we hope this blog series has begun to ...
September 2, 2014 - 1:42pm from Center for Financial Inclusion Blog
> Posted by Caitlin Sanford, Bankable Frontier Associates #166894432 / gettyimages.com As smart phones become much more affordable and digital solutions for ...
September 2, 2014 - 1:04pm from Microfinance Africa
Microfinance, or access to financial services, has an effect on the lives of the poor. This is one of the main conclusions of the extensive ING research ‘A Billion to Gain?’ that was developed together with the Dutch sector representative NpM, Platform for Inclusive Finance. The research was carried out in Ghana and India through interviews of Clients of Opportunity International Savings and Loans. To encourage the development of prosperity in countries such as Ghana and India, ...
September 1, 2014 - 4:07pm from Google news - microfinance
Social Impact Research shows micro-finance makes a differenceGhanaWebMicrofinance, or access to financial services, has an effect on the lives of the poor. This is one of the main ...
September 1, 2014 - 4:06pm from Google news - microfinance
Social Impact Research shows micro-finance makes a differenceGhanaWebMicrofinance, or access to financial services, has an effect on the lives of the poor. This is one of the main ...
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
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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 ...