Deloitte Predicts Ghana’s Insurance Penetration Rate to Stay at 1.0%

With an insurance penetration rate of just 1.0% as of 2024, Ghana’s insurance market remains one of the least developed in Africa. According to Deloitte’s Africa Insurance Outlook, this statistic highlights significant gaps in coverage across the country. However, beneath this low penetration rate lies immense potential for growth, fueled by population expansion, rising financial … Read more

The Mortgage Application Process in Ghana

Navigating the mortgage landscape in Ghana is essential for aspiring homeowners and real estate investors looking to make informed financial decisions. Mortgages provide a means of financing home purchases, but for many, understanding the options, processes, and requirements is critical to making wise investments. Here’s a primer on how mortgages work in Ghana, the types … Read more

Analysis of SIM Card Registration and Activity in Ghana

According to recent data from Ghana’s National Communications Authority (NCA), the telecommunications landscape in Ghana has seen significant developments in SIM card registration. Here’s a snapshot of the current situation: Background of the SIM Registration Exercise The NCA’s mass SIM Registration Exercise, which concluded in May 2023, was a major initiative aimed at establishing a … Read more

Fan Milk PLC’s ‘Project Sankofa’: Empowering Street Vendors for Sustainable Growth

Fan Milk PLC (Ghana) has taken a significant step towards sustainable job creation within its value chain by supporting 10 street vendors in transitioning to full-time agents. This initiative, named ‘Project Sankofa,’ is part of the company’s corporate social responsibility (CSR) efforts, aiming to rekindle the excitement associated with Fan Milk products over the past … Read more

Ghana Stock Market Overview: July and Year-to-Date Performance Highlights

GSE

The stock market saw significant movements in July, with several companies experiencing notable gains while others remained stable or faced declines. Here’s a concise summary of the key performers and trends observed in the equities market. Equity Share Price (GH¢) July Returns Year-to-Date Returns MTN Ghana Ltd 2.34 29.3% 67.1% Total Petroleum Ghana Ltd 12.33 … Read more

The Largest Banks in Africa based on market cap in 2024

Absa Bank Kenya

Africa’s banking sector continues to demonstrate robust growth and resilience, with several institutions leading the way in terms of market capitalization. As of 2024, South African banks dominate the top spots, showcasing the strength and stability of the country’s financial system. Here’s a closer look at the largest banks in Africa by market cap. 1. … Read more

How to Qualify for Small Business Grants: A Simple Guide

Qualifying for small business grants involves a thorough process of research, preparation, and adherence to specific criteria set by the grant provider. Securing funding through small business grants can provide a significant boost to your entrepreneurial endeavors. However, the process of qualifying for these grants can be intricate and demanding. This guide outlines the steps … Read more

5 Big Companies That Recovered From Bankruptcy

Bankruptcy can often seem like the end of the road for businesses, but some companies have managed to emerge stronger after facing financial turmoil. Here, we explore five major companies that not only recovered from bankruptcy but also redefined their industries. 1. General Motors (GM) Background: In 2009, General Motors, one of America’s automotive giants, … Read more

ARB Apex Bank Advances Financial Sector Development Project Goals

Curtis W. Brantuo, the Deputy Managing Director of ARB Apex Bank PLC, has expressed optimism about achieving the World Bank’s Financial Sector Development Project (FSDP) goals in collaboration with Rural and Community Banks (RCBs) nationwide. In this post, we’ll delve into the details of the FSDP, the initiatives being implemented by ARB Apex Bank, and … Read more

Binance Celebrates Women’s Impact in Crypto at “Shades of Yellow” Event

In a vibrant celebration of International Women’s Month, Binance, the world’s leading blockchain ecosystem, hosted the “Shades of Yellow” event on March 7th. The occasion not only commemorated the contributions of women in technology but also underscored Binance’s steadfast commitment to equality and diversity in the crypto industry. Event Highlights: A Blend of Insights and … Read more