Category: FEATURES
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8 key Q&A s on collapse of UT, Capital Bank (Article)
The collapse of two indigenous banks; UT and Capital Banks have left in their wake discussions within the industry as to what possible conditions may have triggered the situation. The Bank of Ghana among others cited the provisions of the Banks and Specialised Deposit-Taking Institutions (SDIs) Act, 2016 as basis for allowing GCB Bank to…
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How to legally & easily establish a business in the UK (Article)
Globalization and migration have made it easier for people to move from one part of the world to another, sometimes to even settle. And it’s on the back of this that the United Kingdom government has instituted various means by which foreign based companies or businesses can also easily setup branches or subsidiaries in the…
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Collapse of UT and Capital banks – A case of a collective national failure (Article)
As an entrepreneur who appreciates the challenges to surmount in order to build flourishing businesses with positive ramifications for society, the collapse of UT and Capital Banks can only be seen as a reflection of our respective individual negative traits, deficient national character and the weak state institutions coupled with our ineffective educational system. The…
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Unlocking Africa’s potential to create wealth from agriculture (Article)
“There is an unbelievable contrast today in Africa: how can a continent with such an abundance of arable land, water and sunshine annually import food worth USD35billion? This must change,”Akinwumi Adesina, President of the African Development Bank (AfDB). The Ghana situation is not very different from this observation about Africa. The theme for FAGRO 2017(8th…
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Article: Reasons for a company to buyback its own shares
Stock buybacks refer to the repurchasing of shares of stock by the company that issued them. Essentially, a buyback occurs when the issuing company pays shareholders the market value per share and re-absorbs that portion of its ownership that was previously distributed among public and private investors. Since companies raise equity capital through the sale of common and preferred shares, it may seem…
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Article: Exiting the IMF programme: Consider a PSI instead
The ongoing discussions about the next steps after ending the current Extended Credit Facility (ECF) programme with the International Monetary Fund (IMF) is very important. Last year, I was privy to informal discussions at high levels on the matter—within the context of the impending Fourth Review of the ECF Programme and Article IV Consultations in…
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Article: Financial Markets; Capital vs. Money Markets
A financial market is a market that brings buyers and sellers together to trade in financial assets such as stocks, bonds, commodities, derivatives and currencies. The purpose of a financial market is to set prices for global trade, raise capital, and transfer liquidity and risk. Although there are many components to a financial market, two of the most commonly used are money markets and capital markets. Money markets are used for…
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Article: Fresh Ideas, Scaled-up Ambitions for Investment in Ghana
Two years ago, world leaders convened in Addis Ababa for a remarkable first—the global community met to agree on ways to finance the ambitious Sustainable Development Goals (SDGs), with the objective of virtually eliminating extreme poverty. The development needs of today, and through the year 2030, are enormous. With that recognition, we are no longer…
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The 15 year Bond. Will the anchor hold?
At the beginning of April this year, the Government of Ghana seemingly took a giant stride in its ongoing efforts to deepen the country’s capital market and substantially expand its constricted fiscal space with the introduction of 15 year cedi-denominated treasury bonds. Prior to the issuance, the longest tenured bonds issued on the domestic market…
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Article: Mergers and Acquisition; The bane of Ghanaian businesses
In Ghana, and in most developing countries, there is no denying the fact that Small and Medium-scale enterprises play major roles in the growth of their economies. Some SMEs have been able to withstand the shocks associated with their establishing and been able to sustain themselves, hence, making great strides and contributions to their countries’…