Author Archives: Ebenezer Nkum

Cedi to hit 5 to a dollar as external pressures soar – Analyst

Some currency analysts are projecting that the cedi will continue its losing streak against major trading currencies until external factors influencing its performance, subsidise. The local currency has been depreciating against the dollar particularly for some time now with some analysts it will hit the 5 cedis mark soon. As at close of business on Monday [September 10, 2018], some ...

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BoG caps tenure of CEOs, directors of banks – New directive takes immediate effect

BOG new directive

The Bank of Ghana (BoG) has issued a directive to cap the tenure of the office of all managing directors or chief executive officers (MD/CEO) of regulated financial institutions at four years. However, this is renewable only for two additional terms of four years each. The new directive, which takes immediate effect, also restricts the tenure of office of non-executive ...

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Invest pension funds in local banks – Dr Nduom advises

Dr P.K Nduom

The Chairman of Groupe Nduom, Dr Papa Kwesi Nduom, has encouraged stakeholders in the pensions industry to consider investing a portion of the country’s private pension funds in local banks to help them meet the new capital requirement of GH¢400 million. He believes the country’s private pension funds could be invested in some of the local banks and, therefore, urged ...

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Eazyloop Express gets to TechCrunch Top Pick for Disrupt 2018


  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


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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Hamamat African Beauty is making waves in the country’s business climate by being the first online-based retailer to ship freshly handmade shea butter directly from Ghana to the world. The brand, known for its collection of natural African skincare products, was founded by proud Ghanaian native and former model and beauty queen, Hamamat Montia. A dynamic individual and a source ...

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We tend to receive money almost every time. Students receive money when going for school. Salaried workers receive money when time for compensation is due. In much the same way, the woman who operates a provisions store or the one who sells at the market receives money after a day’s work. But it is sad to note that people still ...

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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 ?


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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One of the areas that has great human influence is auditing. The extent of impact it will have depends on how best auditing knowledge, skills, tools and techniques are utilized. The world has experienced a number of accounting scandals leading to many corporate failures and eventually resulting in the introduction of measures to curb the situation and to prevent future ...

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