The cedi remains relatively strong despite weak economic fundamentals, says market observers GCB Capital and Constant Capital.
Although the local unit has lost 4.4 percent against the US dollar as of March 28, the performance beats market expectations due to anticipated seasonality effects in Q1 2023 amid weaker foreign exchange...
African economies remain resilient with a stable outlook for 2023-2024 despite tightening global financial conditions, according to the African Development Bank. Globally, the signs of an economic winter are evident in figures from the International Monetary Fund - which projects 2.9 percent growth this year.
The outlook is more sobering...
Economists are calling for priority to be placed on high-productive sectors and diversification of the economy, in a bid to accelerate recovery, achieve sustainable economic growth and transformation.
This is seen as a sine qua non with the country’s economic transformation having been on the decline - below the African average in...
The centre-piece of the framework to firmly put the nation on a path to economic recovery and prosperity is the Ghana Mutual Prosperity Dialogues (GMPD), a public-private partnership aimed at attracting foreign and local investments while promoting shared growth anchored on job creation, exports and import substitution, finance minister...
The Chief Executive Officer of the Business and Financial Times (B&FT), Dr. Godwin Acquaye, has noted that through thoughtful collaboration, informed policies, and dynamic business practices the country can overcome the persisting macroeconomic challenges.
He stressed that not only can it help the country rebound from the challenges of recent...
Introduction to Correspondent Banking
Correspondent banking may sound like a term straight out of a financier’s dictionary, but its implications ripple through the entire economy, touching the lives of both businesses and individuals. Essentially, it’s the process by which banks provide services to each other, including cross-border transactions and large-scale...
The recent decline in consumer inflation has triggered a notable shift in the Treasury market, significantly influencing rates and reshaping investor sentiments.
The unexpected plummet in headline inflation from 35.2 percent in October to 26.4 percent in November 2023 has led to a ripple-effect across the markets, particularly impacting T-bill...
By Korsi DZOKOTO
In the realm of economic management, Ghana stands as a stark example of the profound impacts of mismanagement and corruption on a nation's fiscal health. The story of Ghana's economic trajectory is one of promise overshadowed by poor governance, inflated project costs, and unchecked borrowing. As we...
Financial literacy is a critical life skill that empowers individuals to make informed decisions about managing their money, planning for the future, and achieving financial goals. It encompasses a range of knowledge and skills, including budgeting, saving, investing, debt management, retirement planning, and understanding financial products and services. Financially...