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...
Ghana sold 5.29 billion cedis ($1.16 bln) worth of long-term bonds last week Thursday, dominated by re-openings of previous bond issues by the major commodity exporter to help restructure its high public debt, lead arrangers said.
Ghana is grappling with budget deficits, inflation and a volatile local currency, all of...
Many factors go into assessing how much debt an economy can safely carry
Countries incur debt by borrowing. Borrowing can enable countries to finance important development programs and projects—but, taken too far, the burden of debt repayment can overwhelm a country’s finances, at worst leading to default.
Elevated debt in low-income...
Despite the rhetoric and the one hundred-billion-cedi Ghana CARES ‘Obaatampa’ Programme President Nana Addo Dankwa Akufo-Addo, is facing a choice between “the Devil” and “the deep blue sea” with respect to the economy. These are hard choices, because whichever path he chooses, the NPP, all things being equal will...
President Nana Akufo-Addo has expressed worry over the influx of cheap imported goods in most shopping malls and supermarkets in the country, to the disadvantage of locally produced goods, which constitute less than five percent of goods on sale.
The development, the president said at the opening of the Kumasi...
The Deputy Minister of Trade and Industry, Robert Ahomka-Lindsay, has urged local businesses to build strong collaborations with industrious Indian firms to tap into their technical expertise, because it is necessary to drive industrial growth so as to take advantage of the Africa Continental Free Trade Area (AfCFTA).
According to...
Ghana’s inflation has hit a record high since beginning of the year 2022. Ghana’s annual inflation rate accelerated for the 13th consecutive month to 29.8% in June of 2022 from 27.6% in May, breaking the upper-ceiling of the central bank’s target band of 6% to 10% for ten months...
Professor John Gatsi, Dean-University of Cape Coast Business School, has expressed reservations about growth of the economy as captured by the gross domestic product (GDP); saying the industrial sector’s performance is casting doubt on the real impact of GDP expansion.
He emphasised that expansion of the economy should not be...
The National Insurance Commission (NIC) has commended Allianz Insurance for partnering UBA Ghana on bancassurance to help improve the distribution of insurance products in the country.
Speaking at the media launch in Accra, Deputy Commissioner of the Commission Mr. Michael Andoh said Allianz Insurance and UBA are globally respected brands...
Leading African challenger fintech into cross border payments extends Visa payment solutions and credentials to simplify cross border remittances
Zeepay, a fast-growing African fintech, has announced a partnership with Visa that will allow Africans in the diaspora to send money directly onto Visa debit and prepaid cards in Ghana.
Through...