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The Ghana banking crisis was a severe banking crisis that affected Ghana between August 2017 and January 2020. The Bank of Ghana (BoG) allowed several indigenous banks to be taken over by private companies between August 2017 and January 2019 after Nana Akufo-Addo was elected president in December 2016.
Access to financial services is defined as the share of the adult population (population ages 15+) with an account ownership at a financial institution or with a mobile-money-service provider. The data for the ranking taken from the Global Financial Inclusion Database , which was compiled by the World Bank .
Access to finance is the ability of individuals or enterprises to obtain financial services, including credit, deposit, payment, insurance, and other risk management services. [1] Those who involuntarily have no or only limited access to financial services are referred to as the unbanked or underbanked, respectively.
Ghana's Finance Minister expects a draft Memorandum of Understanding (MoU) from the country's bilateral creditors in May on a restructuring deal, he said on Sunday. The MoU, once signed, would ...
Several surveys and datasets have worked to measure various aspects of financial inclusion including access and usage of financial services. [14] [16] [17] Some sources, such as the World Bank's Global Findex database or the Gates foundation's Financial Inclusion Tracker Surveys are household surveys attempting to measure usage of financial services from the consumer's perspective. [14]
Ghana became the largest gold-producing country in Africa after overtaking South Africa in 2019. [28] The country is also the second-largest cocoa producer (after Ivory Coast). [29] Ghana is rich in diamonds, manganese or manganese ore, bauxite, and oil. Most of its debt was cancelled in 2005, but government spending was later allowed to balloon.
The Ministry of Finance and Economic Planning is the government ministry responsible for the economic and monetary health of Ghana. The Ministry is involved with economic planning , fiscal policy , national accounting , the national budget , and creating an environment for investment and growth.
Access Bank (Ghana) PLC, part of Access Bank Group; Agricultural Development Bank PLC, state-owned; Bank of Africa Ghana Limited, part of Bank of Africa Group; CalBank PLC; Consolidated Bank Ghana Limited, state-owned; Ecobank Ghana PLC, part of Ecobank Group; FBNBank (Ghana) Limited, part of First Bank of Nigeria Group; Fidelity Bank Ghana Limited