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Category archives for: Banking & Finance

‘Addison the Leviathan’; Sanitizing Ghana’s Banking Industry- Part 2

Accra, Ghana, April 16, 2019//-Ghana’s banking sector is not out of the woods yet. The Central Bank has hinted of sanitizing the Savings and Loans, Rural Banks and Microfinance institutions sector after two years of reforming the universal banking sector. Advertisements

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Tapping China, The World’s Third Largest Bond Market

April 16, 2019//-Earlier this month, Chinese bonds debuted in the benchmark Bloomberg Barclays Global Aggregate Index, marking another step toward greater globalization of China’s capital markets.

Islamic Dev’t Bank Contributes $7Bn Towards Dev’t Financing

Marrakesh, Morocco, April 13, 2019/-The President of the Islamic Development Bank Group (IsDBG), Dr Bandar Hajjar, has disclosed that three development financing members of the Group (IsDB, ICD and ITFC) all together approved a total of $7 billion on 313 development financing operations in 2018.

TEF Hosts European Commission, Leading DFIs and Think Tanks in Brussels

April 11, 2019//-At a time when Europe’s relationship with Africa is high on foreign policy and developmental agendas and with the European Union beginning to deliver on its 2017 External Investment Plan, targeted at attracting investment and job creation in Africa, the Tony Elumelu Foundation brought together leading stakeholders in the development finance sector, at […]

African Development Bank Board Approves $4.8 Million Grant to Accelerate African Free Trade

Abidjan, Ivory Coast, April 10, 2019/-The Board of the African Development Bank (www.AfDB.org) approved an institutional support grant of $4.8 million to the African Union (AU) to accelerate the momentum of the African Continental Free Trade Area Agreement (AfCFTA), which received its 22nd ratification on 2 April, bringing the agreement into force.

President of World Bank Group Named

Washington, USA, April 8, 2019// – The Executive Directors of the World Bank today unanimously selected David R. Malpass as President of the World Bank Group for a five-year term effective Tuesday, April 9, 2019.

Bank of Ghana Introduces Upgraded Banknotes Into Circulation

Accra, Ghana, April 8, 2019//-The Bank of Ghana today announced that it would issue upgraded banknotes into circulation on May 6, 2019.

Banking on the Future of Women

Digital financial services are cutting out the middleman to equalize opportunity April 3, 2019//-Poverty is not a single fact or condition, but rather a collection of them: a lack of financial assets, a lack of access to property, and a lack of voice in one’s community.

Tony Elumelu Foundation Empowers 7, 520 Young African Entrepreneurs in 5 Years

Accra, Ghana, April 1, 2019//-The Tony Elumelu Foundation (TEF), the leading African philanthropy committed to empowering African entrepreneurs has empowered 7,520 young African entrepreneurs across 54 countries on the continent within five years.

Bank of Ghana Faces Uphill Task in Checking Cedi, Inflation Pressures 

Accra, Ghana, March 28, 2019//-As the Bank of Ghana’s(BoG) Monetary Policy Committee (MPC) holds its 87th meeting to review recent developments in Ghana’s economy, one major task the Committee faces is to effectively reverse the path of the depreciating cedi while maintaining inflation at a single digit and at the same time keeping interest rates […]

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