At least 100, 000 young persons will be given jobs beginning March under the Nation Builders Corps initiative of the Akufo-Addo government. Under the programme, the youth will assist in public sector service delivery in health, education, agriculture, sanitation and the revenue collection department of the Ghana Revenue Authority (GRA). “Stakeholders have had a series … Read more
President Nana Addo Dankwa Akufo-Addo has lauded Ecobank over a partnership deal with the National Youth Authority (NYA) to create 3000 jobs. The Pan-African bank is offering to absorb 3000 unemployed youth after undergoing a three-month training programme. The NYA on Thursday, February 08, 2018 launched the Digital Marketing and Entrepreneurship Programme for persons between … Read more
President Nana Addo Dankwa Akufo-Addo has delivered his second State of Nation Address (SONA) replete with achievements his first year and commitments to do more. MESSAGE ON THE STATE OF THE NATION DELIVERED BY PRESIDENT NANA ADDO DANKWA AKUFO-ADDO I am happy to be here again in this august House, a place where I have … Read more
President Nana Addo Dankwa Akufo-Addo has lauded Ecobank over a partnership deal with the National Youth Authority (NYA) to create 3000 jobs. The Pan-African bank is offering to absorb 3000 unemployed youth after undergoing a three-month training programme. The NYA on Thursday, February 08, 2018 launched the Digital Marketing and Entrepreneurship Programme for persons between … Read more
The Ghana Stock Exchange (GSE) closed in the red in the week ending June 9, making it the second consecutive decline in recent times. The decline in the two market indices was due to currency depreciation and drops in the earnings of Unilever Ghana. The two happenings dragged the GSE Composite Index further down by … Read more
The Council of State, has been caught in a possible conflict of interest situation as it tried meeting the Minority National Democratic Congress (NDC) Members in Parliament to beg for the withdrawal of the various petitions filed against the US$2.25 billion Franklin Templeton Investments’ bond, because they were hurting investors’ confidence in the Ghanaian economy. … Read more
Savings consists of the amount left over when the cost of a person’s consumer expenditure is subtracted from the amount of disposable income he earns in a given period of time, according to Keynesian economics, as quoted by Investopedia. The amount left over is sometimes left in the bank account over a period of time, … Read more
The cedi outperformed the U. S dollar and the euro but depreciated versus the British pound at the close of trading in the week ending April 21. It recorded a 1.13 per cent appreciation against the U.S. dollar as investors languished over weaker-than-expected economic data in the world’s largest economy. As a result, the local … Read more
The cedi lost grounds to the three major international currencies in the week ending February 24. Despite coming under pressure, the greenback appreciated by 2.88 per cent against the Ghana cedi. The local currency closed trading at GH¢4.44, representing a year-to-date depreciation of 5.71 per cent. The Euro, which stood on the defensive in the … Read more
Yields on treasury securities continued their downturns as government’s appetite for short term securities declines. The week ending December 1 saw the rate of return on 91-day bill softening by 175 bps to 16.86 per cent. The yield on the 182-day treasury security also moderated to 19.62 per cent, down by 129 bps. The one-year … Read more
The Producer Price Inflation for the fourth week of August (22-26) rose to 10.3 per cent year – on – year while investors responded by bidding down equities. Total volume traded was 1.3 million shares which were valued at GH?7.9 million. Fan Milk emerges as the most traded equity in value terms thereby retaining its … Read more