When the issue of “Haircut” on government securities came up I wrote that it will be bad faith on the side of the Government should it affect Private Pension Funds (see B&FT of October 26, 2022). It was of great relief that the President of the Republic of Ghana...
Countries may ban the exportation of certain commodities from time to time. It is not an altogether uncommon thing to do, and it may occur for several different reasons. The length of time a commodity may remain banned is entirely relative to the reason or reasons it was banned for,...
The Cedi depreciated marginally against the dollar, trading at 12.34 from 12.21 at last week’s close. The government and the Ghana Association of Banks said they reached agreement on the terms of a debt exchange programme for domestic banks holding Ghana’s local bonds. The government has agreed to pay...
Disputed election outcomes in Kenya and Angola were dismissed by each country’s Supreme Court this week as the results of August’s presidential elections were upheld. William Ruto was officially confirmed as the fifth President of Kenya, and Joao Lourenco was sworn in for a second term in Angola. The...
This year’s World Economic Forum Annual Meeting comes at a time of good news for the world economy. As we said in this month’s Global Economic Prospects report, for the first time since the financial crisis, the World Bank is forecasting that the global economy will be operating at...
President Nana Addo-Dankwa Akufo-Addo has been declared the President-elect of the Republic of Ghana in a peaceful but rather fiercely contested general election. Chairperson of the Electoral Commission (EC) of Ghana, Dr. Jean Mensa, by her constitutional mandate, declared the incumbent yesterday evening. The 2020 general election will go down...
Vice President Dr. Mahamamudu Bawumia has assured that government is not relenting its efforts to resolve the hard times which have characterised the Ghanaian economy recently. The country, which was on the path to recovery from the ruins of the COVID-19 pandemic that exacerbated existing fiscal and socio-economic challenges, took...
GH¢5bn in total circulation, up from GH¢20.5bn in 2018 GH¢276m, GH¢149m worth of GH¢200 and GH¢100 notes in circulation GH¢50 note is highest in system at GH¢9bn A total of GH¢306 million has been spent by the Central Bank to print money in 2019 including the new notes of...
Support from Biden’s J&J vaccine donation  President Joe Biden’s commitment to donate a further 17 million doses of the Johnson & Johnson Covid-19 vaccine to the African Union, adding to the 50 million the US had previously sent, capped a useful visit by Kenyan President Uhuru Kenyatta. While such numbers are...
The nation’s economic and financial development future will come into focus today, as the foremost gathering of financial and economic minds – The Money Summit (TMS) 2023 – comes off in the nation’s capital. The summit’s third instalment will see the domestic business community’s highest echelon attempt to make sense...