Ghana Market Profile

October 24, 2014 - 1:08pm from Microfinance Africa
The employment of non-qualified personnel and poor liquidity management skills, due to inexperience are the factors militating against the effective performance of microfinance institutions in the country. The Deputy Head of Other Institutions Supervision Department at the Bank of Ghana (BoG), Mr K. S. Osei Bonsu, said this at the fifth annual general meeting of the Money Lenders Association of Ghana (MLAG) in Accra on the theme, “Managerial and liquidity ...
October 23, 2014 - 12:01pm from Microfinance Africa
A two-day regional conference on financial inclusion to improve financial access to the poor is underway in Accra. The conference which brings together 100 practitioners, including policy makers, civil society and microfinance clients aimed at showcasing experiences from sustainable and replicable models to enhance financial inclusion for development. The workshop was organised by Concern Universal Ghana, an NGO is on the theme: “Enhancing Financial ...
October 23, 2014 - 1:01am from MicroCapital
The Grameen Foundation, a US-based nonprofit organization; MicroEnsure, a UK-based, for-profit microinsurance company founded by US-based NGO Opportunity International; Penda Health, a Kenya-based, for-profit chain of medical centers; and Clifford Chance, a UK-based international law firm, recently announced that they have launched an initiative called the “Uzima Project” in Kenya with the aim of providing “low-cost“ health insurance. In addition to receiving financing and insurance, the ...
October 22, 2014 - 12:36pm from Microfinance Africa
The microfinance sector is looking to a new deposit insurance scheme from the central bank to shore-up waning confidence in the sector, Collin Amponsah-Mensah — head of the Ghana Association of Microfinance Companies (GAMC), has told the B&FT. According to GAMC’s board chairman, the deposit insurance scheme will add to several initiatives sector players are undertaking to revamp confidence and boost the fortunes of microfinance companies. The ...
October 20, 2014 - 12:08pm from Microfinance Africa
Cassava farmers who supply raw materials to the Ayensu Starch Company received support from Microfinance and Small Loans Centre (MASLOC) on Wednesday October 15, 2014. The support, in the form of a GH¢161,160 loan facility, is aimed at boosting activities of the farmers — numbering more than 20 — to produce more for the cassava starch manufacturing company. Speaking at a short ceremony to mark the disbursement of the loan facility, MASLOC Chief ...
October 17, 2014 - 9:21am from Google news - microfinance
spyghana.com
October 16, 2014 - 5:34am from MicroCapital
SolarNow, an Ugandan-based company selling solar electric home systems, recently raised EUR 2 million (USD 2.53 million) by selling equity shares to Novastar Ventures, a Mauritius-based fund investing in new businesses with ‘innovative’ business models in Africa, and Acumen Fund, a New-York based nonprofit venture fund. Neither the individual amounts invested by each fund nor the size of the stakes acquired have been disclosed. The equity investment is expected to provide liquidity ...
October 15, 2014 - 9:38pm from Google news - microfinance
spyghana.com
October 14, 2014 - 1:24pm from Acumen Fund Blog
I am writing on a return flight from Ghana. The country has not seen a single case of Ebola, yet the impact of fear is profound. As travelers enter the country, attendants screen for high temperatures. Hand sanitizer dispensers are omnipresent. Hotels and conferences have seen massive cancellations. Everywhere are constant reminders of our fragility and the strength of our connectedness. My heart goes out to all victims, their families and communities. My head presses for ...
October 14, 2014 - 11:00am from Google news - microfinance
Micro Finance Conference To Boost Savingsspyghana.comA latest report from Bank of Ghana indicates a growing number of registered micro finance and money lending companies in Ghana. There are ...
October 13, 2014 - 12:18pm from Microfinance Africa
As the story of the mobile phone and its contribution to bridging the digital divide in sub-Saharan Africa unfolds, the device’s revolutionary role in facilitating transactions and wealth distribution in the region is shaping up in an unprecedented way. The spread of mobile telephony in the face of the exclusion of many people from the formal financial system because of socio-economic challenges has given impetus to the mobile money wave. For, although ...
October 13, 2014 - 5:32am from MicroCapital
The Global Innovation Fund (GIF), a UK-based nonprofit, recently announced its launch in the US city of New York. GIF plans to fund “social innovations” brought forward by nonprofit entities as well as for-profit organizations and government. GIF will consider ideas from any sector and any part of the world. GIF has received approximately USD 200 million from its investors, which include the US Agency for International Development (AID), a government agency that provides ...
October 10, 2014 - 8:38pm from MicroCapital
Advans SA, a Luxembourg-based organization that provides financial services to  micro, small, and medium-sized enterprises (MSMEs), recently raised EUR 20 million (USD 26.8 million) in its third round of fundraising. This capital was provided by existing shareholders and will be used to fund microfinance institutions in developing countries, with a focus on Africa and Asia. The additional funds bring Advans SA’s total committed capital to EUR 63.6 million (USD 85 million). The ...
October 10, 2014 - 8:21pm from Microfinance Africa
Customers who deposited sums of money with Back to Jesus Microfinance Company at Suhum have appealed to the police and the public to help trace the Managing Director of the Company, Rev. Ababio, who has bolted with their savings. Opanin David Kumi Aboagy, a customer from Dokrotsiwa and Madam Felicia Korkor, a customer from Kuano, told the GNA that two years ago the managing director and some workers of the company came to the Ayensuoano District and appealed ...
October 10, 2014 - 8:04am from Google news - microfinance
Customers call for arrest of head of microfinance companyBusinessGhanaCustomers who deposited sums of money with Back to Jesus ...
October 10, 2014 - 12:34am from Google news - microfinance
GhanaWeb
October 9, 2014 - 7:49pm from Google news - microfinance
Microfinance Director disappears with customers savingsspyghana.comCustomers who deposited sums of money with Back to Jesus Microfinance Company at ...
October 8, 2014 - 12:06pm from Microfinance Africa
The Bank of Ghana (BoG) in collaboration with National Security will soon embark on an exercise to clamp down on defaulting micro finance companies (MFCs) in the country. This is to bring sanity into the operations of the MFCs and put them on their toes, especially the near-collapsed ones. Most of these defaulting MFCs which have in their possession savings (“Susu”) accounts and investment packages from their clients have “taken to their heels” and ...
October 8, 2014 - 5:45am from Google news - microfinance
GhanaWeb
October 8, 2014 - 5:43am from Google news - microfinance
GhanaWeb