In April 2024, the market capitalisation of the Ghana Stock Exchange (GSE) surged to an unprecedented GH¢80.20 billion, marking a significant milestone.
Category: Banking & Finance
Dollarise Ghana’s Economy to Curb Cedi Depreciation —Economist
Dr John Kwabena Kwakye, Director of Research at the Institute of Economic Affairs (IEA), has suggested adopting the dollar as Ghana’s currency to stabilise the economy.
Financial Literacy Among Retirees
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 literate individuals are better equipped to […]
Financial Literacy as a Compass to Financial Freedom
Financial literacy is often thrown around, but what does it truly encompass? Financial literacy is the ability to understand and manage your money effectively. It is the knowledge and skills that empower you to make informed financial decisions, navigate complex financial products, and ultimately achieve your financial goals. Whether you’re a young adult just starting […]
Strong Calls for Innovative Financing, Reform of the International Financial System to Achieve the SDGs in Africa
Addis Ababa, Ethiopia//- – In a strong call to stakeholders at the opening of the tenth Africa Regional Forum on Sustainable Development (ARFSD-10) in Addis Ababa, Ethiopia, Amina Mohammed, UN Deputy Secretary-General said urgent action is needed to increase capital flows into developing countries, particularly in Africa to make the SDGs stimulus a reality.
Ghana: SSNIT Projected to Run Out of Its Reserves By 2036.– ILO
Ghana’s Social Security and National Insurance Trust (SSNIT) is projected to deplete its funds in meeting its financial commitments to beneficiaries in the future.
CAL Bank Shareholder Files for Injunction on Bank’s GHS 600m Capital Raise
A minority shareholder of CAL Bank has filed for an injunction against the bank’s decision to raise some GHS 600 million in capital.
Central Bank of Mauritania Commissions G+D to Design a Digital Currency
Munich/Washington//-– SecurityTech company Giesecke+Devrient (G+D) and Banque Centrale de Mauritanie have signed an agreement during the Spring Meetings of the International Monetary Fund and the World Bank Group to jointly explore the development of a digital form of the national currency Ouguiya.
The Role of Digital Currency in Enhancing Financial Inclusion in Ghana
The digital age is ushering in revolutionary changes in the financial sector globally, with digital currencies at the forefront of this transformation.
Ghana: Akufo-Addo Fires SSNIT Boss, Replaces Him with Osafo Marfo’s Son
Accra, Ghana//-President Nana Addo Dankwa Akufo-Addo has relieved Dr John Ofori Tenkorang of his duties as the Director-General of the Social Security and National Insurance Trust (SSNIT).