Ponzi scheme concerns in Ghana

Ponzi schemes are becoming a big worry for Ghana’s financial sector. Ghanaians are on high alert after a Russian-backed Ponzi scheme which was banned in Nigeria is emerging in their country promising huge profits. Ghana’s financial sector is currently struggling to recover from a major financial crisis involving Ponzi investment schemes. Millions of Ghanaians have been denied access to…

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Time for equity: Deepening financial sector requires private equity

When faced with the daunting task of having to raise capital to finance its growth, a business has two options to consider – debt which is effectively, borrowed money, or equity, representing owners’ contributions. As the “residual claimants”, the economic agent with the sole remaining claim on the net cashflows of the business, equity investors should expect to benefit…

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