The gradual implementation of digital services in Ghana’s capital markets and the role technology-enabled solutions are poised to play in increasing financial inclusiveness are among the topical issues that will be explored. in a 10th anniversary report by global research and advisory firm Oxford Business Group (OBG).
The report: Ghana 2022 will examine the evolution of the country’s digital financial services ecosystem, identifying innovations that are gaining traction following the introduction of key legislation, including the Payments and Services Act and the electronic transactions law.
It will also examine the role that Ghana’s high mobile penetration rate, which currently stands at around 65%, will play in supporting sector expansion.
OBG’s coverage of these and other industry trends will be mapped against the backdrop of Ghana’s broader financial sector, which is considered to have stabilized following far-reaching reforms, including the shutdown of insolvent banks as the country contemplates an economic recovery.
OBG has signed a fourth Memorandum of Understanding (MoU) with Stanbic Investment Management Services (SIMS), an investment management and advisory services provider licensed by the Securities and Exchange Commission of Ghana, for its 2022 report. of the MoU, SIMS will partner with the group to research and produce the capital markets chapter of the report: Ghana 2022.
SIMS Managing Director, Kwabena Boamah, said he was delighted to be working with OBG on its upcoming report, which comes with a digitalization that is already starting to disrupt the way of doing business and investing in Ghana.
“Many investment firms were forced to pivot quickly when the pandemic hit, with some making more headway than others in automating and rolling out online services,” he said. “We look forward to following these and the many other digital developments that are expected to take Ghana’s financial services sector to the next level and redefine its investment landscape.”
OBG’s Country Director in Ghana, Wen Qian Chang, agreed that the changes evident in Ghana’s financial services sector would be of great interest to investors, adding that the hot topic of sustainable finance was another tendency to explore in the report.
“The pledges made at COP26 and the reactions on the ground at the climate change conference have been a reminder that stakeholders now expect jobs, social and governance principles to be prioritized in the strategies of the businesses,” Chang said.
“The growing interest in ethical investing around the world makes the agreement signed in May 2021 by the Securities and Exchange Commission of Ghana with the International Finance Corporation for the development of a green bond market in the country particularly timely. . I look forward to exploring this and other industry developments with market leaders and sharing our findings with our licensees in this landmark anniversary report.
The report: Ghana 2022 will be produced with SIMS, the Ghana Investment Promotion Centre, Association of Ghanaian Industries, PwC and B&P Associates.
It will be available online and in print. The annual report will mark the culmination of field research by a team of OBG analysts.
The report will be an essential guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments.
The OBG publication will also contain contributions from prominent representatives of the public and private sectors.
In addition, OBG is currently producing bespoke reports with its partners, as well as other highly relevant research tools, including a series of articles and interviews on the prospects for growth and recovery specific to each country.