Morocco’s Casablanca Finance City is working to establish itself as Africa’s premier financial hub by creating an ecosystem that enables investment into the continent.
Ecobank’s securities arm has ridden the wave created by favourable conditions in Ghana’s capital markets. The pan-African institution is positioning itself as the go-to fund manager for investors looking to capitalise on growing markets across the continent.
The African Banker Awards, which will be held in Busan, South Korea in May, have announced that the African Guarantee Fund is the 2018 event’s …
Ghana’s insurance sector, still one of the smallest on the continent, has recently seen healthy growth thanks to innovative products – but a great deal more needs to done before it can reach its full potential.
Ghana’s capital markets finally emerged from a two-year downturn in 2017, as the economy recovered and President Nana Akufo-Addo’s government issued a number of bonds.
“Following on from the reductions in treasury bill rates, the banking sector is readjusting to actually making money from the real sector,” says Alhassan Andani, President of GAB and MD Stanbic Bank Ghana.
The collapse of two Ghanaian banks has prompted the central bank, the Bank of Ghana, to raise the liquidity thresholds of commercial banks to avoid contagion.
Ghana’s Minister of Finance, Hon. Ken Ofori-Atta, has overseen a revival of fortunes for the country’s economy. He aims to put the private sector at the forefront of economic growth and development.
Savvy investors are pulling their deposits out of banks, where interest rates are in the single digits, and placing them in the securities market for higher returns. The securities market has been boosted by rising issuances of treasury bills and bonds by the government. The trend has led to a dip in banks’ deposits and less credit being made available to small businesses, writes Michael Nkwor.
Gambia’s new leader, Adama Barrow and his administration inherited a bankrupt economy when they took office a year ago. Since then, matters have decidedly changed for the better, with the country expected to register a growth rate of 5% by 2020. Sanna Camara reports from Banjul.