Ghana Market Profile

April 16, 2015 - 8:39pm from Microfinance Africa
Forty four per cent of Ghanaian adults are said to be financially excluded, that is to say that they do not use any form of financial mechanisms to manage their lives. A large percentage of people are deprived of the requisite banking services that would fulfill their needs. The shortfall, according to the Financial Scope 2010 report, could be attributed to the weaknesses in the banking system, which includes high lending rates, negative real deposit rates for retail ...
April 16, 2015 - 5:11pm from Google news - microfinance
Citifmonline
April 15, 2015 - 8:19pm from Microfinance Africa
Ghana’s premier microfinance company, Christian Community Microfinance Limited (CCML), has done Ghana proud at the 2015 Business Initiative Direction (BID) convention in Geneva, Switzerland, by winning the Century International Quality ERA Awards. CCML thereby joins BID’s prestigious group of award winners. The Century International Quality ERA Awardsrecognizes businesses’ commitment to Quality, Leadership, Technology and Innovation. CCML was presented with a CQE Gold Category ...
April 15, 2015 - 7:19am from Google news - microfinance
Microfinance, viable option to mop up unmet financial needs – BankerGhana Business NewsMr Philip Buabeng, Principal of the National ...
April 15, 2015 - 12:13am from Google news - microfinance
GhanaWeb
April 14, 2015 - 7:51pm from Microfinance Africa
The Christian Community Microfinance Limited (CCML), has organised a clean-up exercise at Dansoman as part of its community building focus and advocacy for a healthy community. The exercise held within the Dansoman Last Stop area in Accra, brought together many people in the community including women, children, shop owners, traders, drivers, assembly members, AMA representatives from the Gbebu area and CCML staff. In a press release issued to Ghana News ...
April 14, 2015 - 2:03pm from Private Sector Development Blog
A new global network of Climate Innovation Centers will support the most innovative private-sector solutions for climate change.   Pop quiz: What does an organic leather wallet have in common with a cookstove for making flatbread and a pile of recycled concrete?   Believe it or not, each of these represents something revolutionary: a private sector-driven approach to climate change. Each of these products – yes, even concrete – is produced by an ...
April 12, 2015 - 7:07pm from Google news - microfinance
Microfinance Company organises clean-up exerciseGhanaWebThe Christian Community Microfinance Limited (CCML), has organised a clean-up exercise at Dansoman as part of its community building ...
April 3, 2015 - 5:02am from MicroCapital
Goodwell West Africa, one of four funds of the Netherlands’ Goodwell Investments, recently acquired a 30-percent share of Women’s World Banking Ghana (WWBG). This was a co-investment with Ghanaian Databank Group and JCS Investments [1]. Through its investment, the Databank Group has become the largest shareholder in WWBG. The pricing of the investment has not been released. As of December 2013, WWBG has total assets of USD 15.4 million, a gross loan portfolio of USD 7.5 million ...
April 1, 2015 - 8:40pm from Microfinance Africa
Even though the establishment of Microfinance companies in Ghana is to help small businesses to get capital for their business activities, at the same time these companies are reaping heavily from these small businesses by making lot of money from them. The interest rates charges by these companies are more than what the commercial and universal banks are even charging. These companies’ interest rates are more than double of what even Ghana Commercial Banks and other big banks ...
March 31, 2015 - 5:02am from MicroCapital
Advans SA, a Luxembourg-based venture capital company, has announced the launching of operations by its ninth affiliated microfinance institution, Advans Tunisie. Advans Tunisie was created in September 2013 and obtained its license to operate from the Tunisian Finance Ministry in January 2015. Advans SA is the majority shareholder of the microbank, with other stakeholders including the Sanad Fund for MSME (micro-, small and medium-sized enterprises), which is supported by the European ...
March 30, 2015 - 11:46pm from Google news - microfinance
spyghana.com
March 30, 2015 - 7:18pm from MicroCapital
Advans SA, a Luxembourg-based venture capital company, has become the majority shareholder of Amret, a Cambodian microfinance institution (MFI), upon approval by The National Bank of Cambodia of its purchase of 8.4 percent of the shares of Amret. Advans previously owned 44.4 percent of the microbank [1]. Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden N.V. (FMO), a Dutch public-private partnership, also increased its stake from 12.6 to 19.9 percent. As of June 2014, FMO ...
March 30, 2015 - 3:13pm from Center for Financial Inclusion Blog
> Posted by the Platform for Inclusive Finance (NpM) How has the microfinance industry leveraged regulation and supervision to safeguard client wellbeing? In priority areas like over-indebtedness, acceptable pricing, and transparency, what progress has been made to ensure that institutions are operating responsibly? And in cases where regulatory actions have been taken, how have they been implemented? A recent research project conducted by EY and the Platform for ...
March 28, 2015 - 4:35pm from Google news - microfinance
MICROCAPITAL BRIEF: Bank of Ghana Raises Microfinance Institution Capital ...MicroCapitalDuring the next three months, the Bank of Ghana, ...
March 28, 2015 - 4:31pm from MicroCapital
During the next three months, the Bank of Ghana, the country’s central bank, reportedly will raise the minimum capital requirement for microfinance institutions (MFIs) to GHS 1 million (USD 263,000). The current minima range from GHS 100,000 (USD 26,000) to GHS 500,000 (USD 132,000) for various categories of MFIs. The move comes as the Bank of Ghana is working to shut down MFIs that are operating illegally. It is reported that there are over 100 such institutions. By the ...
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 ...