Author Archives: Ebenezer Nkum

Ghana GDP Annual Growth Rate( 2015-2018): Ghana’s Economy continues to be Service Base Economy; It should be a great concern to Policy Makers

Ghana’s economy grew 6.8 percent year-on-year in the first quarter of 2018, easing from a 8.1 percent gain in the previous period. It was the weakest expansion since the first quarter of 2017, as the industrial sector and agriculture slowed. On a quarterly basis, the gross domestic product expanded 1.5 percent, slowing from a 2.1 percent growth in the prior ...

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Ghana-Chinese Bauxite Deal must be given a second Look

  The Second Edition of the Citi Business Forum with the theme “After China, What Next” saw the assembled of great Academicians, trade experts and government representatives to discuss in-depth, the prospects the future holds and all it entails for doing business with a Civilized and developed country like China. The Panel members for the event included; Dr Lloyd Amoah ...

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Menzgold condemns “needless” SEC directive to stop gold trading

Menzgold Ghana Limited has condemned what it describes as needless leak of a meeting it had with the Securities and Exchange Commission (SEC). The gold trading company said the leak to the media of a confidential meeting “to say the least, in very bad faith and distasteful; as it defeats our confidence in the body and an affront to cooperation. We totally condemn ...

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Eazyloop Express gets to TechCrunch Top Pick for Disrupt 2018

eazyloop

  Eazyloop Express, the Accra based logistics start-up is in San Francisco! Due to our ingenue ideas and vision, Eazyloop Express has been selected from many potential startups, after applying to be a TechCrunch Top Pick for Disrupt SF 2018. The company is currently exhibiting at Disrupt 2018, TechCrunch’s flagship program from 5th to 7th September to showcase its technology ...

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Actuarial Projection on SSNIT benefits payout

SSNIT

PROF. STEPHEN YEBOAH, CHIEF ACTUARY- SSNIT The Social Security and National Insurance Trust (SSNIT) is a statutory public Trust charged under the National Pensions Act, 2008 Act 766 with the administration of Ghana’s Basic National Social Security Scheme. Its mandate is to cater for the First Tier of the Three-Tier Pension Scheme. The Trust is currently the largest non-bank financial ...

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Ghana Cedi is worsening against the Dollar

west africa

Historical Exchange Rates – 14 Aug 2018 USD to GHS 15 Jul 2018 to 14 Aug 2018 Minimum 4.6787 Average 4.7544 Maximum 4.8708 14-08-18 4.8708 13-08-18 4.8133 12-08-18 4.7851 11-08-18 4.7851 10-08-18 4.7534 09-08-18 4.8037 08-08-18 4.8076 07-08-18 4.7067 06-08-18 4.7095 05-08-18 4.6787 04-08-18 4.6787 03-08-18 4.7285 02-08-18 4.7285 01-08-18 4.7285 31-07-18 4.7285 30-07-18 4.7285 29-07-18 4.7135 28-07-18 4.7135 27-07-18 ...

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What is Bitcoin ? Is it worth Knowing ?

bitcoin

In order to clear some of the confusion surrounding bitcoin, we need to draw a sharp line to separate it into two components. On the one hand, you have bitcoin-the-token, a piece of code that represents ownership of a digital concept – sort of like a virtual IOU (I Owe You). On the other hand, you have bitcoin-the-protocol, a distributed ...

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Collapse of banks: Auditors failed everybody

Bankers are demanding a national conversation on how to restore trust in audited financial statements after seven banks collapsed in a spate of 12 months for irregularities that include manipulation of audited accounts. Although a blow to the industry, the Ghana Association of Bankers (GAB) said revelations by the Bank of Ghana (BoG) that three of the banks falsified their capital ...

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Oil falls 2 percent on rising supply, concern about trade tensions

NEW YORK (Reuters) – Oil prices fell about 2 percent on Wednesday as a surprise increase in U.S. crude stockpiles fed concerns about global oversupply, while investors worried that trade tensions could hit energy demand.  Brent crude futures LCOc1 fell $1.82 to settle at $72.39 a barrel, a 2.5 percent loss. U.S. West Texas Intermediate (WTI) crude CLc1 futures fell ...

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