Here, we delve into macroeconomic trends, monetary policies, and fiscal developments impacting the African economy.
Recent financial reports released by Nigeria’s leading publicly traded corporations reveal a disconcerting trend: the weakening naira is taking a toll on profits despite escalating revenues. Since June, when the new administration led by President Tinubu prompted the central bank to halt the maintenance of an artificially high exchange rate, the naira has witnessed a … Read more
Welcome to our comprehensive guide on Personal Finance Planning. Building a strong financial foundation requires careful planning, discipline, and a clear roadmap. In this article, we will walk you through a step-by-step process to create a personalized financial plan that empowers you to achieve your financial goals, weather unexpected challenges, and secure a comfortable retirement. … Read more
Welcome to our comprehensive guide to the fundamentals of Business and Finance. Whether you’re a novice looking to gain a strong foundation or someone seeking to refresh your knowledge, this article is your ultimate resource. We’ll delve into the essential concepts that form the backbone of the business world, including budgeting, investing, financial statements, and … Read more
Fitch Ratings has affirmed Ghana’s Long-Term Foreign-Currency (LTFC) and Long-Term Local-Currency (LTLC) Issuer Default Ratings (IDR) at ‘RD’, indicating a debt restructuring process. This affirmation comes after Fitch downgraded Ghana’s LTFC IDR from ‘C’ to ‘RD’ on February 21, 2023, due to a missed Eurobond coupon payment. Following the downgrade, Ghana has taken significant steps … Read more
ACCRA – The Electronic Levy (E-Levy), introduced by the Government of Ghana to impose taxes on electronic money transfers, failed to meet its target for the first half of 2023, according to data from the Minister of Finance’s 2023 Mid Year Fiscal Review. The E-Levy, which aimed to raise revenue for the government, fell significantly … Read more
On Monday, July 31, 2023, the Minister of Finance, Ken Ofori-Atta, delivered the mid-year budget review in Parliament. This presentation was initially scheduled for July 25, then postponed to July 27, and finally took place on July 31. During his address, Mr. Ofori-Atta revealed that Ghana is currently making modest progress in revitalizing its economy, … Read more
As per the July 31 monthly report by Ceditalk, the overall stock market experienced a notable upswing of 21.8% by the end of July. However, the financial stocks segment encountered a decline of 16.44% throughout the year. Let’s take a closer look at the performance of individual stocks this year: Top Performers: Worst Performers: The … Read more