Ghana Market Profile

July 31, 2015 - 7:14am from MicroCapital
The Bank of Ghana (BoG), which serves as the country’s central bank and is mandated to license, regulate and supervise financial institutions, reportedly announced that it has revised the minimum capital requirement for microfinance institutions (MFIs) from GHS 1 million (approximately USD 305,000) to GHS 2 million (approximately USD 610,000).Deposit-taking MFIs are required to comply with the new regulation by June 2018 while the deadline for non-deposit taking MFIs is December 2018. The ...
July 31, 2015 - 7:14am from Google news - microfinance
MICROCAPITAL BRIEF: Bank of Ghana Doubles Minimum Capital Requirement for ...MicroCapitalBoG uses monetary and fiscal ...
July 23, 2015 - 12:32pm from Google news - microfinance
Ghana Broadcasting Corporation
July 21, 2015 - 4:42am from Google news - microfinance
Some Micro-finance Companies Duping Ghanaians Big TimeGhanaWebMicro finance companies are being established almost on a daily basis in Ghana. There are ...
July 21, 2015 - 1:05am from MicroCapital
The Insurance Regulatory Authority of Uganda (IRA) recently urged insurance companies in the country to work with microfinance institutions (MFIs) to develop and promote microinsurance products. In an effort to assist in the creation of a market for microinsurance, the government’s new regulations require that microinsurance firms have minimum capital totaling UGX 100 million (USD 30,000) instead of the usual requirement of UGX 3 billion (USD 900,000) for life insurance companies and UGX ...
July 20, 2015 - 1:40pm from Microfinance a Working Solution to Global Poverty
This article, written by Richard Leftly of MicroEnsure, originally appeared on gsma.com as part of their series on mobile insurance.  Mobile insurance has established itself as one of the fastest-growing business models in mobile financial services in emerging markets.  Although MicroEnsure did not invent mobile insurance, many of the ...
July 20, 2015 - 1:40pm from Microfinance a Working Solution to Global Poverty
This article, written by Richard Leftly of MicroEnsure, originally appeared on gsma.com as part of their series on mobile insurance.  Mobile insurance has established itself as one of the fastest-growing business models in mobile financial services in emerging markets.  Although MicroEnsure did not invent mobile insurance, many of the ...
July 20, 2015 - 1:37pm from CGAP Microfinance Blog
July 20, 2015 - 1:37pm from CGAP Microfinance Blog
With strong fundamentals and one of the earliest sets of regulations for branchless banking in the region, Ghana was initially expected to lead the charge on digital financial services (DFS) in West Africa. Until recently, however, those efforts had decidedly mixed results and the attention of market watchers largely turned elsewhere. But Ghana has been quietly setting the stage for a comeback and looks increasingly poised to assert its regional leadership at last.
July 13, 2015 - 5:38am from Google news - microfinance
Microfinance company holds health walkGhanaWebThe Christian Community Microfinance Limited (CCML) has organised a health and fitness walk in Accra. ...
July 9, 2015 - 5:39pm from MicroCapital
The Bank of Ghana (BoG), the country’s central bank, recently rejected an appeal by the customers of the Ghana-based savings and microfinance company DKM Diamond Micro-Finance Limited (DKM) who had requested their cash deposits and matured investments with DKM to be paid out. BoG rejected the appeal due to the investigation into DKM’s practices being pending. BoG argued that it had to establish whether the MFI had violated the Ghanaian banking act before it allowed access to funds held by ...
July 9, 2015 - 2:00pm from Acumen Fund Blog
Standing—and working—with the poor requires resilience and determination. When we established Acumen’s Global Fellowship 10 years ago, we were looking for those bright minds and big thinkers who not only possessed the moral imagination to envision a world beyond poverty but also the courage and resolve to commit their lives to making that vision a reality. The Global Fellowship is a yearlong leadership development program ...
July 8, 2015 - 2:12am from Google news - microfinance
Christian Community Microfinance undertakes health walkGhanaWebChristian Community Microfinance Limited (CCML) in partnership with Nationwide Mutual ...
July 7, 2015 - 9:01pm from Google news - microfinance
Peace FM Online
July 7, 2015 - 2:01pm from Google news - microfinance
Starr 103.5 FM
July 7, 2015 - 11:07am from Google news - microfinance
Starr 103.5 FM
July 7, 2015 - 8:13am from Google news - microfinance
Royal Air Maroc, Coscharis Group & La Fayette Microfinance Have Jobs For ...Nigerian BulletinLa Fayette ...
July 6, 2015 - 2:07pm from Google news - microfinance
BoG to begin distributing held up cash of DKM customersCitifmonlineCiti Business News sources have revealed that the Bank of Ghana will this week after receipt ...
July 2, 2015 - 5:03am from MicroCapital
During the World Economic Forum (WEF) in South Africa, business and political leaders from multiple African countries including Kenya, Nigeria, and South Africa among others, emphasized the need for collaboration among regulators in order to promote financial inclusion globally. Nigeria’s Minister of Finance, Ngozi Okonjo Iweala, and the Vice President of Ghana, Kwessi Amissah-Arthur, spoke on the issue of financial inclusion. Okonjo Iweala stressed the need for cooperation between ...
June 30, 2015 - 4:44am from Google news - microfinance
President Mahama intervenes for DKM customersVibe GhanaPresident John Dramani Mahama has directed the Bank of Ghana (BOG) to speed up processes and ensure that cash deposits ...