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How Financial Institutions Can Catalyze Sustainable Food Systems
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By Samuel OKANG-BOYE Essentially, sustainable agriculture focuses on fulfilling current food and nutrition requirements while also guaranteeing that coming generations will be able to satisfy their own needs. In Ghana, where the population is expected to increase from 33 million to more than 50 million within the next twenty years, swift action is crucial.…
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Editorial: How U.S. Tariffs Could Affect Banks in SSA
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Fitch Solutions points out that the nation’s banking industry is at risk due to a significant non-performing loan (NPL) ratio of 21.8% and a Capital Adequacy Ratio (CAR) of 14.0%. Fitch Solutions points out that this situation is due to the domestic debt exchange program (DDEP) and elevated interest rates. In their report ‘US…
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Why Financial Institutions Must Step Up as Today’s Consumers Get Savvier
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Editor’s Note: This engaging piece features Absa Bank Kenya’s head of consumer banking who emphasizes that financial organizations need to be alert regarding how they deliver their services to clients. According to his viewpoint, those times have passed where customers cared only about basic quality. Providing superior customer service is now crucial. This change…
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Unity Bank Unveils GenFi: A Gamified Banking Revolution for Kids and Teens
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To boldly reshape the approach to promoting financial literacy, Unity Bank Plc, a leading Nigerian retail bank, has launched GenFi—a specialized digital banking platform designed for children and teens aged 8 to 18 years old. This initiative aims to equip young individuals with crucial money management abilities. The release comes after a report from…
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Airtel Revamps Mobile Money Service: New System Live Post-May 4th
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On Saturday, May 3, at 11 pm, Airtel initiated an upgrade of their mobile money service systems, with plans for completion by Sunday, May 4, at 11 am. Nevertheless, the telecommunications company finalized the system update on Sunday, May 4 at 9 PM, as stated in a notification they published on their X account.…
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CEO Tenure Limits and Board Recruitment: Key Issues in the Global Financial Sector
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By Nkunimdini ASANTE-ANTWI In 2017, Ghana’s financial industry experienced significant events. Just under a year after a new administration came into power, officials made a daring yet contentious choice to clean up the market by removing financially unstable institutions. These entities’ operations had endangered the assets of those who deposited money with them. What…
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Bridging the Gender Wealth Gap: Actionable Steps for Our Financial Sector
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By Ramat Ebella WHAJAH Achieving gender equality in finance is both a ethical obligation and an economic must. In Ghana, even though considerable progress has been made toward empowering women, a consistent disparity in wealth between genders still hinders the growth potential of female entrepreneurs and business leaders. Women continue to be underrepresented when…
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IMF’s New Playbook for Sovereign Debt Crises: Insights from Richmond Kwame FRIMPONG
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At the ongoing World Bank Group Spring Meetings, a blueprint for emerging-market debt restructurings has been launched as a lifeline for sovereign debt crises in an effort to streamline a process that has grown increasingly lengthy and complex for some of the world’s poorest countries. The playbook incorporates several best practices from recent restructuring…