INTRODUCTION The Financial Technology (Fintech) industry has seen meteoric growth over the last two years in Ghana. In line with global trends, innovations democratizing traditional financial services on the back of technological advances continue to improve and automate financial service delivery, drive financial inclusion, and promote the delivery of varied new financial products and services. […]

INTRODUCTION As the year 2022 came to a turbulent end globally, 2023 started on the same and/or even higher note – and the International Monetary Fund (IMF) has warned of a global recession hitting more than one-third of the world’s economy in 2023 amidst tougher economic times. In Ghana, the year 2022 was characterized by […]

Introduction It is Christmas and as usual, Accra is once again a tourist haven and holiday destination for resident Ghanaians, diasporans and other foreigners. On one hand, there is the joy at the plethora or shows and events whose eye-popping billboards are all over town. On the other hand, it’s December again and the ugly […]

A business idea is registrable as a private company on the undertaking of its founder(s) to contribute capital towards the company’s activities in consideration for rights and interests in the company as well as liabilities. Capital contributed (paid up, partly paid, or unpaid) as part of the primary capital raising activity becomes the property (the […]

INTRODUCTION Recently, the World Bank Group and McKinsey & Company have released two leading reports on “the Future of Finance” highlighting the current state, opportunities, risks, and/or challenges of the Financial Technology (Fintech) revolution, disruption, or eruption happening across the world and Africa. These two reports – “Fintech and the Future of Finance” by the […]

INTRODUCTION Private companies are the creation of laws – permitting their legal status, existence, nature of operation and management.  In the process, regulatory compliance demands are imposed on companies to facilitate their continuous legal approval and operations. Generally, all private companies are required to perform some regulatory obligations only varying in extent due to the […]

INTRODUCTION Earlier this month, a Ghanaian Financial Technology (Fintech) start-up “Float” was reported to have raised $7million equity and $10million debt during a seed round. This follows a similar seed round of $35million raised by a Ghanaian health tech start-up “mPharma” earlier this year.  These successful seed rounds are indicative of a growing start-up ecosystem […]

INTRODUCTION Currencies be it Ghana Cedis, Euro, British Pound, or the US dollar are primarily a medium of exchange for goods and services. Currencies have evolved as a buildup on the prior barter system which was merely an exchange of goods for other goods with no means of assessing the proportionality in the exchange – […]

INTRODUCTION The need to adapt to the ever-changing customer/consumer demands and market realities is driving businesses to be innovative at a never-before-seen pace in order to stay relevant and competitive. This trend is further driven by the roles technology and human ingenuity are playing in finding solutions for the many challenges being witnessed across consumer/customer […]

INTRODUCTION Undoubtedly, the evidence of our living conditions points to one conclusion – we are in difficult times and serious economic crisis. Sadly, there is little hope in the initiatives that can help curb, reduce or mitigate against the rising cost of living driven predominantly by escalating fuel prices and the fast depreciation of the […]