Ghana Market Profile

March 26, 2015 - 5:01am from MicroCapital
The International Finance Corporation (IFC), a member of the World Bank Group focused on private sector development, recently made an equity investment of USD 22 million in Indonesia-based Bank Mayora to support its services for micro-, small and medium-sized enterprises (MSMEs). Sarvesh Suri, IFC’s country manager for Indonesia, said, “Bank Mayora is our partner in widening access to financial products for micro- and small enterprises to increase rural incomes and promote sustainable ...
March 24, 2015 - 11:45am from Google news - microfinance
spyghana.com
March 23, 2015 - 5:05am from MicroCapital
Event Name: 9th Annual Penn Microfinance Conference Event Date: March 28, 2015 Event Location: Jon M. Huntsman Hall, University of Pennsylvania, Philadelphia, Pennsylvania, USA Summary of Event: This conference will focus on how the microfinance industry has adapted its product offerings and lending methods in the wake of increased government regulation and concern about over-indebtedness. The event will feature a keynote address by Dennis Ripley, the chief business ...
March 23, 2015 - 12:16am from Google news - microfinance
Tema Christian Community Microfinance relocatesGhanaWebThe Tema branch of the Christian Community Microfinance Limited (CCML), formerly at Community 2, has been ...
March 20, 2015 - 12:55pm from Microfinance Africa
Ghana’s microfinance industry is expected to be hit by mergers and acquisitions as the regulator demands recapitalization of companies in the sector. The Bank of Ghana wants microfinance firms to increase their capitalization from the current Gh100,000 to Gh250,000 by June 2015 – this should further go up to Gh500,000 or more in 2016. There are concerns some companies may be challenged in meeting the requirement and the deadline. Businesses operating in the sector ...
March 20, 2015 - 8:07am from Google news - microfinance
GhanaWeb
March 20, 2015 - 8:01am from Google news - microfinance
Microfinance companies to be hit by mergers and acquisitionsGhanaWebGhana's microfinance industry is expected to be hit by mergers and acquisitions as the regulator ...
March 16, 2015 - 2:51pm from MicroCapital
The International Finance Corporation (IFC), a member of the World Bank Group, is investing NGN 400 million (USD 2.5 million) in La Fayette Microfinance Bank, one of eight members of the Advans Network of microfinance institutions, which is based in Luxembourg and managed by Horus Development Finance of France. The investment will support the growth of La Fayette, which was created in June 2012 and target micro-, small and medium-sized enterprises in Nigeria’s urban areas. Zine ...
March 15, 2015 - 6:12am from Google news - microfinance
Citifmonline
March 15, 2015 - 12:28am from Google news - microfinance
72 Hour Microfinance Services back BOG's new 1m minimum requirementGhanaWebSpeaking to Citi Business News, the Chief Executive Officer (CEO) of 72 Hour Microfinance ...
March 14, 2015 - 7:33pm from Google news - microfinance
Citifmonline
March 13, 2015 - 1:52pm from Microfinance Africa
The Bank of Ghana (BoG) says it is set to implement a new capital requirement of GH¢1 million for microfinance companies from the second quarter of this year. This represents a 100% increase in the capital requirement for firms hoping to enter the industry. Speaking on Business Trends on Joy FM Director of Other Financial Institutions Supervision Department of the Bank of Ghana, Raymond Amanfo, said the increment has become necessary because of developments in the ...
March 13, 2015 - 12:40am from Google news - microfinance
BoG to implement GH¢1m capital requirement for microfinanceGhanaWebThe Bank of Ghana (BoG) says it is set to implement a new capital requirement of GH¢1 million for ...
March 12, 2015 - 12:18am from Google news - microfinance
spyghana.com
March 11, 2015 - 1:33pm from Microfinance Africa
The Management of Christian Community Microfinance Limited (CCML) has relocated its Tema branch from Community 2 to Community 1 to enable more clients within the vicinity to have access to their services. The relocation is also to provide a more spacious environment to prospective and active customers and also provide effective and efficient banking services. Mr Albert Essamuah, the Board Chairman of CCML, said the new place is strategic because it offers opportunity for ...
March 11, 2015 - 12:06am from Google news - microfinance
Christian Community Micro-finance relocates to TemaGhanaWebThe Management of Christian Community Microfinance Limited (CCML) has relocated its Tema branch from Community 2 to Community 1 to ...
March 6, 2015 - 8:02pm from Google news - microfinance
Humanosphere
March 6, 2015 - 2:21pm from Microfinance Africa
The Central Bank will start closing down about 108 illegal microfinance companies from next week. The Bank in 2014 published names of some of the illegal companies in the dailies, but more of them have been identified since last year. Earlier this week, Mr Raymond Amanfu, who is with the financial services department of the Bank of Ghana, told Starr FM the Central Bank had identified about 40 of the illegal microfinance firms for closure across the country.
March 5, 2015 - 3:01pm from Google news - microfinance
BoG blacklists 108 microfinance firms for closureGhanaWebEarlier this week, Mr Raymond Amanfu, who is with the financial services department of the Bank of Ghana, told ...
March 5, 2015 - 12:10pm from Google news - microfinance
Illegal Activities: 108 Microfinance Firms To Be ClosedPulse.com.ghEarlier this week, Mr Raymond Amanfu, who is with the financial services department ...