Kwesi Adu Amoako 
Ghana’s economic landscape in July 2024 shows a mix of growth and challenges across various sectors. Here are the latest economic figures: GDP and Growth Inflation Interest Rates Foreign Exchange Rates External Sector Developments Fiscal and Debt Banking and Financial Sector International Reserves Nominal GDP Bank of Ghana Confidence Surveys Capital Market Performance Ghana’s economy … Read more
GCB Bank Limited emerged as the undisputed champion, showcasing a remarkable performance that eclipsed all other contenders. With a staggering 23.0% return in April 2024, GCB Bank reaffirmed its position as a stalwart in the financial sector. Let’s delve into the highlights of April’s stock market movements and examine the factors contributing to GCB Bank’s … Read more
The Ghanaian government is exploring alternative revenue-generating measures following the abandonment of its value-added tax (VAT) on electricity earlier this year. One of the proposed solutions is to tax the foreign incomes of resident Ghanaians. In this post, we’ll delve into the details, implications, and significance of this proposed tax measure. Details of the Revenue … Read more
Spotify, the popular audio streaming platform, has announced a price increase for its “Premium Individual” service in Ghana. This premium service, which allows users to enjoy Spotify without any advertising interruptions, will see a change in pricing from GHS 17.00 per month to GHS 22.00 per month. In an email sent to subscribers, Spotify explained … Read more
In March, the GSE witnessed varied movements among its listed stocks. Let’s enter into the notable performances of some key stocks on the exchange during the month. AngloGold Ashanti Limited (AGA) and AngloGold Ashanti Depositary Shares (AADS):AngloGold Ashanti, a renowned gold mining company, experienced a stable performance during March. Both its ordinary shares (AGA) and … Read more
In financial technology (fintech), Ghana’s journey has been one of remarkable growth and resilience. The latest report from the Bank of Ghana unveils a fascinating narrative of progress, showcasing a significant surge in the value of local fintech transactions. Let’s delve into the key highlights of the report and explore the trends shaping the fintech … Read more
As the sun sets on the last trading day of February 2024, the Ghana Stock Exchange (GSE) has recorded a robust performance, underscoring the resilience and growth potential of the country’s financial markets. The GSE, with its two distinct categories of listing – the Main Board and the Ghana Alternative Market (GAX) – has become … Read more
Market structures are the different types of markets that exist in our economy. They’re classified based on the number of sellers, the level of competition, and other factors. There are four main types: Perfect Competition: A market with many small sellers, no single seller has power, and all sellers offer the same product. Monopolistic Competition: … Read more
The Global Marketplace refers to the worldwide exchange of goods, services, and resources, where countries interact through international trade, investment, and business operations. Join us as we embark on a thrilling exploration through the intricate world of trade policies, the concept of comparative advantage, and the profound effects of globalization on our interconnected planet. 1. … Read more
Central banks, interest rates, and the role of banks in the economy are all interconnected and play a vital role in shaping our financial landscape. Central banks set monetary policy and control interest rates to stabilize the economy and promote maximum employment. Banks facilitate transactions, provide loans, and manage the money supply, which helps stimulate … Read more