Ifc Survey Report in Ghana

IFC Analysis Reports Expansion of Ghana’s Leasing Bazaar WEBWIRE – Thursday, August 30, 2007 IFC, a affiliate of the World Coffer Group, today appear the allegation of its additional anniversary analysis of Ghana’s leasing market. The after-effects appearance that the cardinal of new leases issued in the country grew from 311 in 2005 to 536 at the end of 2006 – an admission of 72 percent. The absolute charter portfolio represented by gross charter receivables by the area additionally added by over 73 percent from $29. actor in 2005 to $51. 3 actor in 2006. The address addendum a cogent admission in the cardinal of leasing providers, from seven in 2005 to 12 in 2007, with abounding cyberbanking institutions entering the sector. The Leasing in Ghana 2007 address represents the best absolute analysis of Ghana’s leasing bazaar to date. It highlights above developments in the leasing industry in 2006 and makes recommendations for added improvements in the policy, regulatory, and tax environments that administer the sector. The address was aggregate by the SECO IFC Leasing Program, a activity that seeks to enhance the role of leasing as an another costs apparatus for businesses in Ghana. Launching the report, Taba Cookey, SECO IFC Leasing Program Manager, said, “IFC is committed to acknowledging efforts that deepen Ghana’s cyberbanking area and aggrandize admission to accounts for the clandestine sector. The 2007 analysis provides able affirmation that the leasing area is arena an more important role in costs the needs of clandestine businesses in Ghana. Philippe Sas, Bread-and-butter Advisor at SECO, said, “Leasing is important, because it allowances mostly baby and boilerplate enterprises that about cannot admission costs from cyberbanking institutions. It makes it easier for these businesses to admission basic accessories alike back they abridgement the acclaim history or acceptable accessory to admission acceptable forms of financing. ” Speaking at the launch, Dela Selormey, Head of Cyberbanking Supervision at the Coffer of Ghana, commended the development of the leasing area and categorical assorted efforts by the coffer to abutment added advance of the cyberbanking sector. Worldwide, leasing has approved the adeptness to admission advance in basic equipment. Leasing plays an important role in bread-and-butter development. For example, it is appear that every 8 to 9 percent advance in leasing activities leads to a agnate 1 percent boilerplate advance in a country’s GDP. In developed countries, leasing is acclimated to accounts about one-third of clandestine investments.

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