Trading on the proposed Ghana Commodity Exchange (GCX) Market, which is aimed at providing a ready market for grains and cereal producers, is expected to commence this year, following government’s decision to provide GH?15 million to support its establishment. The Ghana Commodity Exchange (GCX), which will operate on a Warehouse Receipt System modelled after a … Read more
President Nana Akufo-Addo has appointed an investment banker Dr. John Ofori-Tenkorang as the Director-General of the Social Security and National Insurance Trust (SSNIT). Dr. Ofori-Tenkorang was until his appointment working in the office of Vice President Dr. Alhaji Mahamudu Bawumia since 2014 as Technical Advisor. He has also worked with AIG Financial Products Corp. (AIGFP) … Read more
A top Trump administration financial regulator said Wednesday that tough bank capital requirements should be “recalibrated” as part of a regulatory pullback in order to boost economic growth. J. Christopher Giancarlo, tapped by Trump on Tuesday to serve as chair of the Commodity Futures Trading Commission, also said regulators had gone too far in putting … Read more
Mr. Mervyn King, former head of the United Kingdom’s Bank of England, recently stated that another financial crisis is “certain” and could come sooner rather than later. Mr. King also believes that most politicians and Central Bankers don’t understand what caused the most recent financial crisis dating back to 2008. Accordingly, without understanding the 2008 … Read more