OUTLOOK FOR FINANCIAL MARKETS AND ECONOMY IN GHANA

OUTLOOK FOR FINANCIAL MARKETS AND ECONOMY IN GHANA  MUCH DEPENDS ON EXTERNAL FACTORS. THIS IS GENERALLY TRUE FOR ALL EMERGING MARKETS. AS IMPORTERS HAVE TO PAY MOST OF THEIR GOODS IN US-DOLLARS, IMPORTS BECOME MORE EXPENSIVE WHEN THE DOLLAR IS STRONG. ON THE OTHER HAND, A WEAKER DOLLAR MAKES IMPORTS CHEAPER. THE SAME ACCOUNTS FOR EXTERNAL DEBTS. FOR DOLLAR-DENOMINATED BONDS, INTEREST IS HIGHERW HEN THE DOLLAR IS STRONG. WHEN THE DOLLAR IS LOWER, INTEREST IS ALSO LOWER. HOW DOES THE NEAR-TO-MID FUTURE LOOK LIKE NOW FOR EMERGING MARKETS, INCLUDED GHANA?  Continue reading “OUTLOOK FOR FINANCIAL MARKETS AND ECONOMY IN GHANA”

GHANA STOCK EXCHANGE WEEK FROM 21-01-19 TO 25-01-19

IT SEEMS – AT LEAST I HOPE SO – THAT THIS TIME I WAS RIGHT WITH MY PREDICTIONS. SOME TIME AGO, I SAID THAT THE GSE INDEXES HAVE PROBABLY FOUND THEIR BOTTOM AT 2,500 AND 2,100 RESPECTIVELY. LAST  WEEK, THE COMPOSITE ENDED AT2,511 – ALTHOUGH A LITTLE BIT LOWER THAN THE DAY BEFORE. THE FINANCIAL, ON THE OTHER HAND, FINISHED THE WEEK AT 2,125, A LITTLE BIT HIGHER THAN ON THURSDAY – ALL FIGURES COURTESY OF https://gse.com.gh. BOTH INDEXES HAD ONLY A SLIGHT FLUCTUATION DURING THE WEEK.

Continue reading “GHANA STOCK EXCHANGE WEEK FROM 21-01-19 TO 25-01-19”