The Establishment of Ghana's First Islamic Bank Requires Financial Support from Stakeholders in Muslim Communities

An appeal has been made to stakeholders in Muslim communities to provide financial support for the establishment of an Islamic Bank in Ghana in order to address the financial needs of Muslims, by Alhassan Andani, Former Chief Executive Officer (CEO) of Stanbic Bank, on the 16th of April 2022 at the Ramadan Islamic Finance Forum organised by the Islamic Finance Research Institute Ghana (IFRIG) in Accra.

Why it Matters?

The establishment of the Islamic bank is said to have become necessary in Ghana to assist Muslim entrepreneurs and individuals that are experiencing harsh living conditions due to financial challenges, particularly those who are unemployed, providing them with flexible financial services and allowing them to venture toward entrepreneurship....