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MarketScreener Homepage  >  Equities  >  Ghana Stock Exchange  >  Ecobank Ghana Limited    EGH   GH0000000680

ECOBANK GHANA LIMITED

(EGH)
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Ecobank Ghana : Group Empowers Women Businesses through Ellevate, its new women-focused programme

11/26/2020 | 11:17am EST

The Ecobank Group (https://www.Ecobank.com/) launches 'Ellevate', a programme for women-owned and women-focused businesses across 33 markets. This programme is designed to help women reach their full potential by empowering, growing and supporting them with customized financial and value-added solutions.

Women constitute roughly half of the population in Africa. SMEs account for up to 90% of all businesses in Africa and women own about a third of all registered African SMEs. 1 in 4 of the adult female population in Africa starts or manages a business, making the African continent one of the highest in terms of women entrepreneurs across the world.

The Women-led Economy represents a largely untapped market. Ecobank's commitment to positively contributing to the economic development and financial integration of the continent will be further strengthened by our investment in women.

A healthy collaboration between Government and Private sector is critical for the creation of a conducive environment in which women can thrive and succeed.

"The Government recognises the contribution women are making to the socio-economic development of Africa.We believe women are the catalyst for change and prosperity. The Government of Togo continues to develop and implement policies and programmes that will promote the economic empowerment of women of all ages and social status. Togolese women have always played a critical role in the economy. We are pleased to see that the Ecobank Group, through the Ellevate programme, offers to women an opportunity to take their rightful place in the economic development of our country and indeed across the continent. We will work with the private sector to tap into this great potential of African women and create inclusive business opportunities.", stated Mrs Myriam Dossou-D' Almeida, the Minister of Grassroots Development, Youth and Youth Employment, Republic of Togo.

"The empowerment of women is not only a developmental issue. It is very much an economic issue. Financial institutions that recognise the changes that are happening globally and are taking steps to ensure that they are participating in this emerging market, will more fully reap the economic benefit of their investment.", said Graça Machel, Founder, Graça Machel Trust and, Foundation for Community Development.

The Ecobank Group recognises the strategic importance of women on the continent and the need to continually support them to reach their full potential.

"In developing Ellevate, we made time to understand the needs of women, what they really require from their bankers, and came up with practical solutions that will help bridge the identified gaps. Ellevate is an end-to-end comprehensive product suite that supports women-owned and women focused businesses with differentiated business solutions that will unleash their potential.", stated Josephine Anan-Ankomah, Ecobank Group Executive, Commercial Banking.

"Ellevate by Ecobank is designed for businesses owned by women, managed by women, businesses with a high percentage of female board members or employees and companies that manufacture products for women. These businesses will benefit from smarter cash management solutions, favourable lending rates and value-added services such as leadership training and networking opportunities. All these will ensure that their businesses can scale and remain sustainable. We intend to allocate 10 percent of our Commercial Banking loan portfolio to help bridge the financing gap.", added Josephine Anan-Ankomah.

To formally launch Ellevate by Ecobank, Ecobank Group will hold a webinar on November 27th 2020 with an English session at 9:00 AM GMT and a French session at 3.00 PM GMT.

Register here (https://bit.ly/3q5leh1) for the English session or here (https://bit.ly/2HFcKft) for the French Session to get additional information.

Distributed by APO Group on behalf of Ecobank.

Media Contact:

Christiane Bossom

Group Manager Corporate Communication

Email: groupcorporatecomms@ecobank.com

Tel: +228 22 21 03 03

About Ecobank Transnational Incorporated ('ETI' or 'The Group'):

Ecobank Transnational Incorporated ('ETI') is the parent company of the Ecobank Group (https://www.Ecobank.com/), the leading independent pan-African banking group. The Ecobank Group employs over 14,000 people and serves over 24 million customers in the consumer, commercial and corporate banking sectors across 33 African countries. The Group has a banking license in France and representative offices in Addis Ababa, Ethiopia; Johannesburg, South Africa; Beijing, China;London, the UK and Dubai, the United Arab Emirates. The Group offers a full suite of banking products, services and solutions including bank and deposit accounts, loans, cash management, advisory, trade, securities, wealth and asset management. ETI is listed on the Nigerian Stock Exchanges in Lagos, the Ghana Stock Exchange in Accra, and the Bourse Régionale des Valeurs Mobilières in Abidjan. For further information please visit https://www.Ecobank.com/.

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(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
ECOBANK GHANA LIMITED 0.00% 7.2 End-of-day quote.0.00%
ECOBANK TRANSNATIONAL INCORPORATED 0.77% 6.55 End-of-day quote.9.17%
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Financials
Sales 2020 1 791 M 310 M 310 M
Net income 2020 508 M 88,0 M 88,0 M
Net Debt 2020 - - -
P/E ratio 2020 4,46x
Yield 2020 11,7%
Capitalization 2 322 M 400 M 402 M
Capi. / Sales 2020 1,30x
Capi. / Sales 2021 1,16x
Nbr of Employees 1 741
Free-Float 99,0%
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Mean consensus BUY
Number of Analysts 5
Average target price 8,57 GHS
Last Close Price 7,20 GHS
Spread / Highest target 51,7%
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Spread / Lowest Target -6,94%
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Managers and Directors
NameTitle
Daniel Nii Kwei-Kumah Sackey Managing Director & Executive Director
Terence Ronald K. Darko Independent Non-Executive Chairman
Samuel Hiram Yaro Head-Operations & Information Technology
Edward Nartey Botchway Chief Financial Officer & Executive Director
Rosemary Yeboah Independent Non-Executive Director
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