The Ghana Free Zone Board (GFZB) has attracted about $790 million worth of proposed capital investments for the first eight months of the year. The investments cover 23 new free zone companies in the country, with a projected 31,000 direct jobs to be created by the investment projects.
When the U.S. Department of the Treasury and the Internal Revenue Service (IRS) issued final Foreign Account Tax Compliance Act (FATCA) regulations in January, there was a sigh of relief that the financial services industry in Africa could begin to digest FATCA's obligations.
Small and medium sized businesses (SME’s) that want to list at Kigali’s bourse will not be subjected to any minimum capital requirement, a move expected to encourage more firms to go public at East Africa’s smallest stock exchange.
Thirty years ago some individuals from the Jirapa District of the Upper West Region conceived the idea of establishing a rural bank in the area in order to bring banking services to the door steps of the people. Hence in November, 1983 the name Sonzele Rural Bank was established as one of the rural banks in the country.
The Avenor Rural Bank (ARB) Limited, located at Akatsi, in the southern part of Volta Region, with its tentacles spreading to other parts of the region, may be seen today by a good number of people as a bank of a credible standing in view of the achievements they have chalked up so far.