The financial services sector plays a crucial role in the country’s economy, and its human capital is the driving force behind its success. Thus, the human resources function in the financial services sector plays a pivotal role in attracting, developing and retaining talents while ensuring compliance with evolving regulations. Despite...
New orders down amid demand weakness Employment ticks lower Softer rise in output prices The opening month of 2024 saw a renewed contraction in Ghana's private sector as demand faltered. Output, new orders, employment and purchasing all decreased during January, while business confidence dropped sharply. Rates of inflation remained relatively...
Yields on Treasury bills (T-bills) have continued a downward trend in the latest auction, marking the fifth consecutive week of declines. This development, driven by robust investor demand with oversubscription reaching 58 percent last week, will certainly be welcome news to government as it further lowers its cost of borrowing. During...
The Ghana Stock Exchange (GSE) is set for a second consecutive positive year in 2024, with the Accra bourse on course to return anything between 15 percent and 25 percent, advisory firm Databank is predicting. The forecast is predicated upon a much-improved macroeconomic operating environment, that should see healthier performance...
Investors are strategically seizing opportunities to secure higher returns in light of the declining rates of Treasury bills (T-bills) amid an evolving Treasury market. Apakan Securities, a financial advisory firm, reported an impressive overfunding in the recent government securities auction - with demand surpassing the target by 121 percent. Apakan Securities...
The United Kingdom (UK) Minister of State for Development and Africa, Andrew Mitchell, has expressed delight with the successful review of Ghana’s International Monetary Fund (IMF) bailout programme and subsequent disbursement of a US$600million second tranche. He said this development highlights resilience and progress in returning the economy to a...
The cedi has enjoyed a strong week, gaining ground against major currencies and fuelling optimism among analysts who predict continued appreciation. This positive outlook is largely attributed to two key factors: anticipated inflows from the World Bank and easing foreign exchange (FX) demand pressures. The World Bank's approval of a US$300million...
The Bank of Ghana Monetary Policy Committee (MPC) has announced a cut in the key policy rate from 30 percent to 29 percent, offering businesses a much-needed respite. This marks the first cut in two years. The previous policy rate of 30 percent had lasted a period of six months. Speaking...
It appears a highly emotive (some might say, political) subject to broach but discuss, we must, if we are not to behave like ostriches; burying our heads in the sand while the foxes devour our precious chicks! Wondering what is up the sleeves of this rural farmer who would not...
Ghana, a nation facing its worst economic challenges, recently received a much-needed cushion in the form of a US$3 billion bailout approved by the International Monetary Fund (IMF). This financial support has appeared to be a critical help for Ghana’s struggling economy, particularly in the face of the shocks...