Ghana Market Profile

October 1, 2014 - 12:58pm from Microfinance Africa
Work on a credit referencing system for the microfinance sector is scheduled to be completed by middle of next year, the Ghana Association of Microfinance Companies (GAMC) has said. According to the umbrella-body of the microfinance companies, it is currently working with the Bank of Ghana and other licenced credit bureaus to develop a system for companies operating within the microfinance sector. A credit bureau is a repository of credit information, a ...
October 1, 2014 - 12:48pm from Microfinance Africa
The intention of the Bank of Ghana to weed out unregistered micro-finance companies is welcome news. According to the Bank of Ghana (BOG) it is collaborating with security agencies to locate and eliminate unregistered micro-finance agencies operating in the country. Desmond Agbobah of the BOG Financial Institutions Supervision Department gave the hint at a colloquium of tertiary students in Ho as part of the 2014 National Financial Literacy Week ...
October 1, 2014 - 12:42am from Google news - microfinance
spyghana.com
September 30, 2014 - 4:05am from Banking With The Poor Network: The Official Blog
New strides in upgrading shelter for new settlements in Sri Lanka by Lanka Financial Services for Underserved Settlements (LFSUS) UN Habitat under its Slum Upgrading facility (SUF) based in Nairobi, Kenya identified Indonesia, Ghana, Tanzania, Kenya and Sri Lanka to initiate its program of low income housing initiatives through its Guarantee Fund .To spearhead this program Lanka Financial Services for Underserved ...
September 29, 2014 - 3:42pm from Microfinance Africa
The Ghana Association of Microfinance Companies (GAMC) has backed moves by the central bank to put a limit on the number of operating permits that can be issued to microfinance companies. According to the Association’s National Board Chairperson, Collins Amponsah-Mensah, there is no doubt the huge number of microfinance institutions affects the ability of the oversight body — the Bank of Ghana — to efficiently regulate the sector. “We are in full support of it [capping the ...
September 29, 2014 - 1:29pm from Microfinance Africa
The Bank of Ghana (BOG) is collaborating with security agencies to locate and eliminate unregistered micro-finance agencies operating in the country. Desmond Agbobah of the BOG Financial Institutions Supervision Department, gave the hint at a colloquium of tertiary students in Ho as part of the 2014 National Financial Literacy Week celebration. The week, held under the aegis of the Ministry of Finance, was on the theme:, “Financial Literacy-Key to a Secured ...
September 29, 2014 - 10:58am from Google news - microfinance
spyghana.com
September 29, 2014 - 9:52am from Google news - microfinance
GhanaWeb
September 29, 2014 - 9:43am from MicroCapital
According to a statement attributed to Mr. Collins Amponsah, the board chairman of the Ghana association of microfinance companies (GAMC), an association of 560 member companies providing microfinance services, all Ghanaian microfinance institutions (MFIs) that are members of GAMC will begin charging clients an unspecified fee for managing their deposits beginning in October of 2014. The fee is intended to increase revenues in order to lower mounting operating costs of MFIs. GAMC will ...
September 29, 2014 - 7:17am from Google news - microfinance
GhanaWeb
September 29, 2014 - 7:11am from Google news - microfinance
GhanaWeb
September 28, 2014 - 3:58pm from Microfinance Africa
Mr Simon Nerro K. Davor, Deputy Commissioner of Insurance, on Wednesday said Micro Insurance had recorded over GH₵52 million premium incomes since the launch of the Regime in February 2013. He said currently, there are 34 Micro Insurance Products available in the market being offered by 16 Insurance Companies, covering areas such as education, funeral, family, credit, accident, hospital, among others. Mr Davor was speaking at a day’s workshop to educate ...
September 28, 2014 - 2:00pm from Google news - microfinance
spyghana.com
September 27, 2014 - 5:21am from MicroCapital
Globacom, a Nigerian telecommunications company that serves 25 million mobile phone subscribers in four countries in Africa, reportedly has launched Glo Xchange, opening its network of 42,000 agents to the following mobile money operators: FirstMonie, a mobile money initiative backed by First Bank in Nigeria; Ecobank, which has operations in 29 African countries; and Stanbic, a commercial bank that operates in Nigeria and Uganda. Customers of these services will be able to upload ...
September 26, 2014 - 3:50pm from Microfinance Africa
The Chief Executive Officer (CEO) of DKM Diamond Microfinance, Mr. Delle K. Martin has charged graduates on the need to develop entrepreneurial skills. According to him, self-employment should be seen as one of the reliable ways of ensuring sustainable development as a country. In other for such goal to be achieved, graduates should discard the notion that it is the utmost responsibility of the central government to create jobs. The CEO, who was ...
September 26, 2014 - 11:34am from Microfinance Africa
The Deputy Commissioner of the National Insurance Commission (NIC) Ghana, Simon Nerro K. Davor has appealed to Ghanaians to patronize the various micro-insurance products in the country. Mr Davor made the appeal on Wednesday in Accra at a stakeholders’ workshop organized by the NIC on Micro Insurance as part of activities marking the 4th National Literacy Week, under the theme, ‘Financial Literacy Key to a secured future.’ The objective of the workshop was to ...
September 26, 2014 - 8:03am from MicroCapital
Event Name: “Africa SME Champions Forum” Conference Event Date: November 11 to November 12, 2014 Event Location: King Fahd Hotel, Dakar, Senegal Participation: Owners and managers of small and medium-sized enterprises (SMEs) in Africa may apply to attend if their organizations comply with the following three criteria: (1) “a minimum of three years of legal existence;” (2) minimum annual turnover of USD 1.5 million; and (3) 10 or more people employed. Start-up ...
September 25, 2014 - 12:38pm from Microfinance Africa
Mr Simon Nerro K. Davor, Deputy Commissioner of Insurance, on Wednesday said Micro Insurance had recorded over GHC52 million premium incomes since the launch of the Regime in February 2013. He said currently, there are 34 Micro Insurance Products available in the market being offered by 16 Insurance Companies, covering areas such as education, funeral, family, credit, accident, hospital, among others. Mr Davor was speaking at a day’s workshop to educate stakeholders on the ...
September 23, 2014 - 1:47pm from MicroCapital
“The Road to Inclusion: A Look at the Financially Excluded and Underserved;” Published by MasterCard; May 2014; 18 pages; available at http://newsroom.mastercard.com/asia-pacific/documents/the-road-to-inclusion-a-look-at-the-financially-excluded-and-underserved This report, published by US-based financial services corporation MasterCard, seeks ...
September 22, 2014 - 11:47am from BRAC Blog
Maria Ndagire is 17 years old. Her parents died when she was only four years old. “My uncle had to take care of us after our parents died, but it was not easy. He already had his own children to care for and did not earn that much money.” Ndagire almost gave up on life when the only brother she ...