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For decades, big European and American banks have shaped African finance. They handled the large corporate accounts, trade finance and foreign exchange. Now they are stepping back, and the continent's own banks have a chance to take the lead. The shift is already under way. Nigeria's Access Bank and South Africa's Absa and FirstRand have moved quickly to buy the assets British banks are selling across the continent. Access Bank Angola acquired 60% of Standard Chartered Bank Angola in October 2024. Absa and FirstRand have also agreed to buy Standard Chartered's Uganda and Zambia businesses. Ghana could be next, with Standard Chartered's retail business on sale and SG Ghana changing hands. Major shift in African banking +2 Ghanaian and Nigerian banks each bring something the other needs. Ghanaian lenders know the local customer, the regulator and a market where mobile money is part of daily life. Nigerian banks bring scale, capital and years of practice expanding across borders. Working in step, whether through acquisitions, partnerships or shared platforms, they could build West African networks that no longer depend on foreign parents. There is also a bigger prize beyond individual deals. As African banks grow, more of the continent's savings, trade flows and corporate lending can be handled by institutions headquartered here. That growth could reshape the long-running debate about the dominance of foreign lenders and their impact on Africa's economic development
Business & Economy

Government Settles GH₵2.5 Billion SSNIT Debt with Bond Issuance

Inclusive Dev't: 50 Fashionpreneurs, Including PwDs Empowered with Modern Business Skills by SG Ghana
Business & Economy

What If SG  Bank Reversed to Ghana Ownership?

New SSNIT Boss Kwesi Afreh Biney Faces Challenges Amid Leadership Shake-Up—Is He Up to the Task?
News

New SSNIT Boss Afreh Biney Faces Challenges Amid Leadership Shake-Up—Is He Up to the Task?

News

PAC commends SSNIT for its financial success

Business & Economy

SSNIT Needs Cash to be Sustainable, Not Gov’t Bonds – Dr. Atuahene

GEA Pushes for Closer Employer-Regulator Engagement on Labor Rules
Business & Economy

GEA Pushes for Closer Employer-Regulator Engagement on Labor Rules

Rebuilding Ghana After the Floods: Turning Disaster into Jobs, Revenue, and Hope without the Politics.
Opinions

Rebuilding Ghana After the Floods: Turning Disaster into Jobs, Revenue, and Hope without the Politics.

For decades, big European and American banks have shaped African finance. They handled the large corporate accounts, trade finance and foreign exchange. Now they are stepping back, and the continent's own banks have a chance to take the lead. The shift is already under way. Nigeria's Access Bank and South Africa's Absa and FirstRand have moved quickly to buy the assets British banks are selling across the continent. Access Bank Angola acquired 60% of Standard Chartered Bank Angola in October 2024. Absa and FirstRand have also agreed to buy Standard Chartered's Uganda and Zambia businesses. Ghana could be next, with Standard Chartered's retail business on sale and SG Ghana changing hands. Major shift in African banking +2 Ghanaian and Nigerian banks each bring something the other needs. Ghanaian lenders know the local customer, the regulator and a market where mobile money is part of daily life. Nigerian banks bring scale, capital and years of practice expanding across borders. Working in step, whether through acquisitions, partnerships or shared platforms, they could build West African networks that no longer depend on foreign parents. There is also a bigger prize beyond individual deals. As African banks grow, more of the continent's savings, trade flows and corporate lending can be handled by institutions headquartered here. That growth could reshape the long-running debate about the dominance of foreign lenders and their impact on Africa's economic development
Business & Economy

SSNIT Scheme Faces Growing Gap Between Payments and Contributions

SSNIT to Roll Out Annual Pensioner Certificate Renewal From January 2026
News

Informal Sector Pension Coverage Rises To 16.7%

Business & Economy

SSNIT to Revise Hotel Investment Strategy Amid Profitability Concerns

News

SSNIT’s Self-Employed Enrolment Drive (SEED) Aims to Enroll 250,000 Self-employed Workers by Next Year

SSNIT office building in Ghana
Business & EconomyNews

Over 103,292 Self-employed Individuals Enrolled Onto SSNIT’s SEED Initiative 

Pension Trustees: A Sleeping but Capable Corporate Funder Threatening Traditional Banks - PwC
Business & Economy

Private SSNIT Contributors Rise by 4.8% Showing Signs of Private Sector Recovery

Business & Economy

SSNIT Rebuts Former Chief Justice Sophia Akufo’s Claims on Hotel Sales

Pension Trustees: A Sleeping but Capable Corporate Funder Threatening Traditional Banks - PwC
Business & Economy

Experts Push for Variable Pension Indexation to Safeguard Low-Income Retirees