Boston, United States of America// — At a time of renewed geopolitical interest in Africa, and an increasing questioning of traditional development finance models, Harvard Business School today released a case study examining the role and impact of the Tony Elumelu Foundation (TEF) (https://www.TonyElumeluFoundation.org), and its unique approach to catalysing entrepreneurship in Africa.
Category: Banking & Finance
Bank of Ghana Under Fire as GH¢48bn State Debt Illegally Written Off
The Minority in Parliament has levelled accusations against the Bank of Ghana (BoG) management, alleging their involvement in illegal activities related to the write-off of around GH¢48 billion in government debt.
How Generative AI Can Help Banks Manage Risk and Compliance
Generative AI (gen AI) is poised to become a catalyst for the next wave of productivity gains across industries, with financial services very much among them.
Ghana Banks Register 224.6% Growth in Profit to GH¢8.3bn in 2023
Banks in Ghana recorded a staggering 224.6% growth in profit to GH¢8.3 billion in 2023, an indication of a rebound from the Domestic Debt Exchange Programme-related losses posted in 2022.
Bank Of Ghana Suspends GT Bank, FBNBank Over Foreign Exchange Breaches
Accra, Ghana//-Bank of Ghana (BoG) has suspended the Foreign Exchange Trading Licences of Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN), effective 18th March 2024.
Ghana Cedi Crosses ¢13 Mark; Loses 5.4% In Value to Dollar Since January 1
Accra, Ghana/-The Ghana cedi crossed the ¢13 mark as the depreciation of the local currency continued on February 28, 2024.
Ghana: 500 Women Entrepreneurs to Benefit From DBG’s GH₵1bn Funding
Accra, Ghana//-The Development Bank Ghana (DBG) has emphasised its commitment to supporting the growth and development of women entrepreneurs in the country.
Private Markets: A Slower Era
If 2022 was a tale of two halves, with robust fundraising and deal activity in the first six months followed by a slowdown in the second half, then 2023 might be considered a tale of one whole.
Tony Elumelu’s Passion For Enriching Lives
A popular banker, Tony Elumelu, is one man who has risen to the top of his career and has also made it a point of duty to lift the younger generation with him through his entrepreneurial grants and other empowerment initiatives.
Ivory Coast’s Successful Eurobond Issuance Raises Hopes For Easing Africa’s Funding Squeeze
For almost two years, the Sub-Saharan African economies have not received financing from international bond markets. Last week, there was a positive turn, as Ivory Coast successfully issued two Eurobonds. This raises hopes that the financing and debt crisis in Sub-Saharan Africa will begin to ease.