The country missed a novel opportunity to invest portions of its pension funds in medium to long term instruments, the Managing Director of FirstBanC Financial Services, Mr Amenyo Setordzie, has observed, citing the inability of pension fund managers to participate in the US$2.25 bonds issued earlier this month. By limiting the offer period of the … Read more
The Managing Director of FirstBanC Financial Services, Mr Amenyo Setordzie, has asked for circumspection on the discussion around the US$2.25 billion bond issued earlier this month. That, he said, was needed to ensure that public commentary on the 15 and 10-year bonds did not return to hurt the economy and the country’s reputation. While dismissing … Read more
Financial analysts have tipped the stock market to continue its strong recovery on the back of an expected increase in activity on the pension funds market. Benjamin Amoah-Adjei, a financial research analyst at FirstBanC Financial Services: “We have seen a very strong recovery in the stock market since December last year and we expect that … Read more
Ghana’s national currency, the cedi is on the brink of completing a record-breaking year, and even the currency analysts that have spent most of the year predicting an end to its new found stability, now almost unanimously agree that it is unlikely that the exchange rate will not significantly breach the GH¢4.0 to US$1.0 level … Read more