Tuesday, September 28, 2021
Just like many other countries around the world, oil palm is aboriginal to Ghana. This is because, the country’s weather and apt soil conditions allow for its vast production. Oil palm is a local staple food for Ghanaians of all cultural backgrounds and have created job opportunities for many...
Mastercard has partnered with Global Accelerex Ghana, a licensed financial technology company that is into the provision of electronic payment systems and devices to enhance digital and electronic payments acceptance as well as business management tool for SMEs. The partnership is aimed at driving digital and electronic payments, and forms...
Asset Management plays a key role in any economy by acting as a conduit through which investors with surplus funds can channel them to those who need the funds to finance their business activities. Through this activity, the investor can meet investment objectives in terms of return and risk...
The African Continental Free Trade Agreement (AfCFTA) secretariat and the UK government have signed a Memorandum of Understanding (MoU) to formalise their shared commitment to success of the agreement. UK Minister for Africa, James Duddridge MP, joined His Excellency Secretary-General of the African Continental Free Trade Area secretariat, Wamkele Mene,...
…for wide gap between lending, policy rates Finance expert and former banker, Dr. Richmond Atuahene, has said that calls for banks to close the lending-policy rates gap is not feasible now - given certain prevailing factors such as Treasury bill rates, high policy rate, reserve ratio, among other things,...
Excess liquidity coupled with investors' demand for fixed income securities continue to drive the stellar run on the Ghana Fixed Income Market (GFIM). Data from the June 2021 statistical bulletin issued by the central bank indicate that liquidity had increased cumulatively to GH¢121.9billion as of June 2021 from GH¢100.5billion during...
Cedi reprieve unlikely to last The Cedi strengthened slightly this week, trading at 6.015 to the dollar compared to 6.05 at last week’s close after the Bank of Ghana sold $75m into the market through its FX forward auction. That helped relieve the recent pressure on the Cedi, which has...
The COVID-19 pandemic continues to have negative impact on economies worldwide with an adverse impact on credit quality. Fundamentals of some economic sectors and businesses had already failed - more are failing. Revenue and income levels dropped—indebted sectors and households have been placed in positions where they may never...
Analyst says uptick in economic activities responsible The local currency is back into free-fall mode against its major counterpart trading currency, the US dollar, as it records its highest depreciation since beginning of the year, B&FT analysis has shown. Data from the Bank of Ghana interbank FX rates show as...
The COVID 19 pandemic and the social, political and economic issues that came with it have sparked fresh debates on the inequities in the allocation of global financial resources. A global social justice campaigner, Prof. Jeffery Sachs of the Columbia University, has pointed that out inequity in international finance...
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