Bank of Ghana’s Monetary Policy Committee (MPC) is highly concerned about the declining growth in lending to the private sector from banks, mainly due to their preference to lend to
Access to financial services in Africa had for decades been defined by disparities—between rural and urban areas, between men and women, between small businesses and larger enterprises. It meant that
The African continent has a land area of 30.37 million sq km (11.7 million sq mi)—enough to fit in the U.S., China, India, Japan, Mexico, and many European nations, combined.
While it is commonly held that access to finance constitutes one of the major hurdles for the SME sector’s growth and sustainability, a new study has disclosed that technical assistance
The traditional financial system, led by brick-and-mortar banks, has historically supported economic growth. However, it could not enable access for many to be financially included and was saddled with service
The International Monetary Fund (IMF) has revised its economic growth forecast for Ghana, projecting a 4 percent growth rate at the end of 2024 – up from its previous 3.1
The International Monetary Fund (IMF) has reiterated the need for policymakers to remain vigilant and direct economic strategies in response to emerging global risks. While some economies are expected to
