Global stock markets are showing a “dangerous complacency” in response to the sharp escalation of military conflict between Iran and Israel, warns the CEO of one of the world’s largest independent financial advisory organisations.
Category: Banking & Finance
World Bank’s New Report: Global Economy Set for Weakest Run Since 2008
Washington, USA—Heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global recessions, according to the World Bank’s latest Global Economic Prospects report. The turmoil has resulted in growth forecasts being cut in nearly 70% of all economies, across all regions and […]
BoG’s Cumulative Loss Since 2007 Redenomination Hits GH¢82.79bn — Eight Times Its Profit
Accra, Ghana//-Since the redenomination of the Ghana cedi in 2007, the Bank of Ghana (BoG) has accumulated losses totalling GH¢82.79 billion, according to data compiled by JoyNews Research.
GSE MD Elected to the Board of the International Capital Market Association
Accra, Ghana – June 10, 2025 — The Ghana Stock Exchange (GSE) has announced the election of its Managing Director, Ms. Abena Amoah, to the Board of the International Capital Market Association (ICMA).
Afreximbank Issues Statement On Recent Fitch Ratings Report
Cairo, Egypt//-African Export-Import Bank (Afreximbank) (www.Afreximbank.com) operates under very high standards of financial transparency. The Bank’s financial reporting strictly adheres to International Financial Reporting Standards (IFRS), including IFRS 9.
Ecobank Appoints Group Chief Financial Officer as Group Executive Director
Lomé, Togo//- – The Board of Directors of Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has announced the appointment of Ayo Adepoju, the current Group Chief Financial Officer (CFO), to the Board as Group Executive Director, effective 4 June 2025.
Ghana Chamber Of Mines Announces New Leadership Appointments
Accra, Ghana//-The Ghana Chamber of Mines has announced the appointment of Ing. Dr. Kenneth Ashigbey as the new Chief Executive Officer (CEO), effective June 1, 2025.
CalBank PLC Announces Conversion of Preference Shares to Ordinary Shares
Accra, Ghana//-CalBank PLC has announced the successful conversion of preference shares to ordinary shares, effective June 2, 2025.
UBA Ghana’s Women Unite for Inspiration and Wellness
The women’s wing of UBA Ghana, U-Lioness, hosted an inspiring and engaging event dubbed “Time with the Amazons.” This session brought together women from various departments and branches across the bank to engage in open conversations around life, career, and personal development.
S&P 500 Edges Higher As Markets Grapple With Hopes And Risks
The S&P 500 ended Monday up 0.41%, largely driven by gains in major tech stocks such as Apple and Nvidia. However, this uptick appears to reflect short-term market behaviour rather than firm confidence in a sustainable growth outlook.