Barely a month into the year, the Ghana cedi has started showing early signs of losing its value to major currencies, particularly the United States dollar, a scare that is forcing the Bank of Ghana to almost double its weekly dollar float into the market.
Inflation is tantamount to taxation without representation – so said Milton Friedman, and he was right.
The Ghana Cedi appears to be coming under some pressure again only days into 2015. This has seen the local currency go down marginally.
Regular Savings have been identified as a key strategy to make people financially independent.
Two independent members of the Board of Directors of HFC Bank have charged the bank to take appropriate actions with the Securities and Exchange Commission (SEC) on allegations of ‘insider trading’ by the Republic Bank of Trinidad and Tobago (RBTT) before the process of a mandatory takeover of HFC Bank proceeds.
ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, has partnered with new banks through expansion of its operations in Kenya, Rwanda and Uganda.
THE 2014 edition of the African Development Bank’s African Development Report, on the theme of “Regional integration at the service of inclusive growth”, has officially been launched at the Bank’s headquarters in Abidjan today.
PLUNGING oil prices are creating fresh risks to the global financial system, with figures showing that emerging market energy companies have built up more than $100 billion in offshore debt.
GULF Co-operation Council (GCC) countries are placing more attention on new markets in east, west and southern Africa as their trade flows with the continent expand, according to a report released by the Economist Intelligence Unit (EIU) in conjunction with Falcon and Associates.
INTEREST rates will not rise until well after the general election, the Bank of England has signaled, as it warned that inflation may soon fall below 1 per cent.
