The Bank of Ghana says the country’s trade account has improved, citing provisional data on the trade account during the first two months of 2017. The Monetary Policy Committee Summary for March 2017, shows a surplus of $573 million compared to a deficit of $574.1 million at the same period in 2016. “This outturn was … Read more
Stock market analysts are predicting a rebound of the local bourse and the bonds market with an eventual scrapping of the capital gains tax. They contend that the move should attract investors to Ghana following a likely increase in the US Fed rate. According to a Research Analyst with First Banc Financial Services, Benjamin Amoah-Adjei, … Read more
The cedi is expected to continue to wobble in the first quarter of the year as demand pressure increases, although analysts believe the instability will be short-lived. From November to now, the cedi has depreciated by over 10percent, and has already done a year-to-date depreciation of 1.8percent against the US dollar, largely due to low … Read more
Introduction: In this currency status report, I will discuss the negative and positive factors that are currently impacting the Ghanaian economy in plain language devoid of economic jargon as much as possible. The Ghanaian economy, especially its Cedi, has come under renewed pressure over the last few weeks I the global currency markets. So lets … Read more