Ghana’s fixed-income market has experienced significant growth. As of end-September 2019 domestic fixed-income securities issued on the Ghana Fixed-Income Market (GFIM) totalled GHS104bn ($20.1bn), against GHS102.4bn ($19.8bn) over the same period in 2018, marking growth of 2%. Comparatively, the equity market experienced a year-to-date...
What main objectives does the GSE want to achieve through its three-year strategic plan?
The three decades before the 2007-08 global financial crisis were marked by the world’s financial networks being increasingly interconnected. Financial system regulatory convergence, growing penetration of World Trade Organisation rules and the creation of currency unions, such as the euro, resulted in a surge in cross-border capital flows....
Ghana was an early adopter of the microfinance concept. According to the regulator, the Bank of Ghana (BoG), the first credit union was established in northern Ghana as early as 1955, introduced to the country by Canadian missionaries. A more local financing tradition, susu (where informal agents charge a small fee to hold money and...
After successfully weathering a period of financial instability stemming from the banking sector, Ghana’s insurance industry is growing in size and sophistication. The coming year, however, will bring a fresh set of challenges as the authorities look to roll out a new legislative framework for the industry in 2020, and as companies seek to meet the 2021 deadline for revised capital...
Sector stabilisation and reform are key focuses within the capital markets arena. While the regulator is taking steps to shore up market confidence in light of recent banking and asset management reforms, the long-term ambition of authorities is to introduce new products and services to attract the capital flows necessary for a deeper and more sustainable market. Ghana’s principal exchange is...