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
On the Ghana Stock Exchange (GSE,) trading activity in terms of volumes on the stock market decreased by 8.09% in the week under review as volumes of shares traded scaled down by 3,292,577. Further, the total values of shares traded increased to GHS 372,200.34 representing 8.09% appreciation week on week. There were 5 gainers and … 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