The National Insurance Commission (NIC) is engaging insurance companies who failed to meet the new minimum capital requirement to find an amicable solution, sources close to the regulator have told the Graphic Business. The engagements have become necessary to protect the image of the industry, protect policy holders, and save jobs. It has emerged that some insurance companies in the country...
The Managing Director-Agricultural Development Bank PLC (ADB), Dr. John Kofi Mensah, has noted that with the agribusiness sector’s fast-growing nature, it has become essential to increase support for the industry. Given this reality, he said, the ADB will this year focus on building up resources to meet the sectors’ financial needs. “The bank is now very strong, but being a bank...
The Ghana Stock Exchange will soon finalise the process to establish an investor credit rating agency for players on the stock market. The move is to enhance credibility of the market and open up activities of investors to all stakeholders. Head of Fixed Income Bond Market, Augustine Simons, explained that this is critical to the growth of the market. “To help us...
Mrs. Elsie Addo Awadzi has been reappointed as the second Deputy Governor for a second term with effect from Monday. Mrs. Addo Awadzi has over 25 years of professional experience working in various capacities in Ghana and internationally – in law, finance, policy and regulatory reforms, financial sector regulation, sustainable development and public financial management among others. Mrs. Awadzi was first...
