Fund managers to raise GH¢2m minimum capital
Broker-dealers require GH¢1.5m
Trustees require GH¢50m
The Securities and Exchange Commission (SEC) has issued a comprehensive set of new capital requirements for all market operators in Ghana’s fast growing capital market with a December 31, 2021 deadline for existing players but new...
The Securities and Exchange Commission (SEC) has issued new capital requirements for market operators in the Ghanaian Capital Market Industry.
A press statement by the SEC explained that the new directive is in accordance with Section 209 of the Securities Industry Act 2016, (Act 929).
According to the commission, the move...
Insurance is a key player in the financial space of the country. Undoubtedly, the financial sector - especially the banking sector - has experienced some challenges in recent times, following the regulatory authorities’ efforts to strengthen, stabilise and streamline its activities and enhance the sector’s capacity to provide the...
The rush by local investors to invest in Ghana’s Life Insurance market has been justified by the performance of most of the company’s life companies by the close of the 2019 financial year.
Prior to the enactment of the Insurance Act 724 2006 life insurance companies in the country were...
Fifty years ago, Milton Friedman published an article in the New York Times that articulated what has come to be known as the Friedman doctrine: “the social responsibility of business is to increase its profits.” It was a theme he had developed in his 1962 book Capitalism and Freedom,...
As part of its continuous line of measures to revitalise businesses affected by the ongoing pandemic, the National Board for Small Scale Industries (NBSSI), is set to launch another initiative for Micro, Small and Medium Enterprises (MSMEs) in October, its Executive Director, Kosi Yankey-Ayeh, has disclosed.
The initiative, which is...
…as it inaugurates community-based committees
The Ghana Integrated Aluminum Development Corporation (GIADEC) is soon expected to conclude the process for selecting new strategic partners for bauxite mining in Kyebi, Awaso and Nyinahin, the Chief Executive of GIADEC, Michael Ansah, has said.
This comes as the company has reached the final...
In less than six months, the COVID-19 pandemic has changed the way businesses operate and people live, particularly in the usage of mobile phones.
Mobile phones have become a lifeline for many. A significant number of mobile phone users use their phones in new ways - people are choosing to...
Fiscal deficit is tipped to hit double digits
Economy still at high risk of debt distress
The World Bank has intensified its call for Ghana and other African countries to spend wisely and implement innovative strategies which will broaden the tax net to capture every income-generating activity in order...
As part of efforts to manage waste and turn it into useable products, waste management expert Zoomlion Ghana Limited (ZGL) and its partner, Komptech, in collaboration with government on Friday extended its solid waste treatment facility project to the Upper West Region.
The Upper West facility, which will be constructed...