BoG pushes tech-driven credit access for underserved businesses

OmniBSIC Bank has been named Marketing-Oriented Bank of the Year at the 37th Chartered Institute of Marketing, Ghana (CIMG) National Marketing Performance Awards.

The Internal Control unit of Stanbic Bank Ghana has supported the Weep Not Child Foundation at Ahwerease-Darmang, near Nsawam, with equipment and financial assistance to help improve the Foundation’s operations and support for children in its care.

Imagine a Ghanaian farmer financing a warehouse through small digital investments, or a young investor purchasing a fraction of a government security. Tokenisation could make such transactions possible.

Africa’s food demand is projected to rise sharply over the coming decades. By 2050, and with a population of 2.4 billion, the continent will have doubled its food demand. Meeting this demand will require increased production, but more importantly, it will need efficient markets and greater investment across agricultural value chains.

Financial distress can reach even the most established companies. An economic downturn, a heavy debt load, falling revenue, or simple mismanagement can leave a business unable to pay its bills.

The Ghana Association of Banks’ (GAB) threat to suspend new lending to public-sector workers whose salaries are processed through the Controller and Accountant-General’s Department (CAGD) is understandable.