COST of doing business in Ghana is expected to go up following the Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) decision to increased its policy rate from 19% to 21%.
Category: Capital Market
Analysts Raise Red Flags Over Single Currency
CURRENCY and banking analysts have slammed the Economic Community of West African States (ECOWAS) for its frequent postponement of the deadline for the adoption of a single currency.
AfDB Reaffirms Support To Geothermal Dev’t In East Africa
THE African Development Bank (AfDB) has reaffirmed its on-going support to the development of geothermal power in the East Africa Rift Valley region.
Islamic Finance Seeks to Capture New Growth Opportunities In Africa
THE 3rd Annual Islamic Banking Summit Africa (IBSA Djibouti 2014), which opened today at the Djibouti Palace Kempinski, saw more than 200 leaders in the international Islamic banking and finance industry engage in detailed discussions that focused on ‘capturing the Africa opportunity in Islamic finance’.
Moody’s Downgrades Mauritius Commercial Bank
MOODY’S Investors Service, a United States-based leading provider of credit ratings, research, and risk analysis has downgraded Mauritius Commercial Bank Ltd’s long-term and short-term deposit ratings to Baa3/Prime-3 from Baa1/Prime-2.
NSE Becomes Full Member Of World Federation Of Exchanges
THE Nigerian Stock Exchange ( NSE) has received a unanimous vote for admission as a full member in the World Federation of Exchanges (WFE), the global trade association for the operators of regulated securities exchanges.
Ecobank Unveils Premier Banking Service
ECOBANK Ghana has unveiled its dedicated Premier Banking service, which is targeted at the bank’s high net worth customers.
Capital Market Leaders Convene At Stock Exchanges Global Dialogue
THE Sustainable Stock Exchanges (SSE) initiative hosted its fourth and largest Global Dialogue at the Palais des Nations in Geneva on 14 October during the UNCTAD World Investment Forum.
ADB Ready For Ghana Stock Exchange-MD
THE Managing Director of the Agricultural Development Bank (ADB), Stephen Kpordzih has assured Ghanaians that the bank is being prepared adequately to go through its Initial Public Offering (IPO) process next year, insisting that the end result will be very beneficial to the country and its customers.
Ghana Secures $2.9 Billion Bids From Eurobond Issue
Ghana secured $2.9 billion worth of bids in Eurobonds issue from foreign investors, but held on to only one billion dollars.