Foremost insurer, SIC Insurance Company Limited has bounced back to making profit. The company posted a profit before tax of GHc 12,832,687 in 2013, a feat described by the Chairperson of the company, Mrs. Felicity Acquah as a positive indicator for shareholders. “However, as a result of the huge debt write-off of GHc 7,976,682 and […]
Category: Banking & Finance
Banks’ Assets Surge But Businesses Can’t Access Credits
By Mashood A Kunateh in Accra, Ghana Total assets of banks operating in Ghana have risen significantly at the time that the Ghanaian government is lacing its boots to go for International Monetary Fund’s (IMF’s) bailout. From January to May 2014, the banking sector remains sound and continues to expand, evidenced by strong asset growth, […]



