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.

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HOW TO START SAVING AND INVESTING WITH A SMALL AMOUNT

THE RICHEST MAN IN BABYLON

THE NEW YEAR IS AROUND THE CORNER, AND THE TIME HAS COME TO HAVE NEW GOOD RESOLUTIONS. ONE OF THESE RESOLUTIONS SHOULD BE TO DO SOMETHING FOR YOUR FINANCES. SO, ONE WAY TO DO IT IS TO PUT 10% OF ALL MONEY YOU RECEIVE TO SAVINGS. FOR YOUR PERUSAL AND ENTERTAINMENT, DOWNLOAD AND READ THE BOOK “THE RICHEST MAN IN BABYLON”. I HAVE INSERTED A LINK TO THAT BOOK ON TOP OF THIS ARTICLE. FOLLOWING IS AN EASY WAY TO SET ASIDE THE MONEY, USING MTN MOBILE MONEY.  Continue reading “HOW TO START SAVING AND INVESTING WITH A SMALL AMOUNT”

THE FINANCIAL MARKETS IN GHANA – ABSA REPORT

absa-africa-financial-markets-index-2018

ABSA, A SOUTH AFRICA-BASED FINANCIAL INSTITUTION WITH BRANCHES IN VARIOUS AFRICAN COUNTRIES, HAS FOR THE SECOND TIME PUBLISHED AN INDEX ABOUT FINANCIAL MARKETS IN AFRICA. IN THE FIRST INDEX, 17 AFRICAN COUNTRIES BUILT UP THIS INDEX; THIS TIME THEY WERE 20. SENEGAL, CAMEROON AND ANGOLA WERE ADDED COMPARED WITH THE FIRST EDITION.

THE INDEX IS BASED ON SIX PILLARS. THESE ARE:

  1. MARKET DEPTH,
  2. ACCESS TO FOREIN EXCHANGE,
  3. MARKET TRANSPARENCY, TAX AND REGULATORY ENVIRONMENT,
  4. CAPACITY OF LOCAL INVESTORS,
  5. MACROECONOMIC OPPORTUNITY, AMD
  6. LEGALITY AND ENFORCEABILITY OF STANDARD FINANCIAL MARKET MASTER AAGREEMENTS.

THE RESULTS OF THE VARIOUS PILLARS FOR EACH COUNTRY WERE THEN ADDED. THEN THESE NUMBERS WERE THEN DIVIDEDD BY TH NUMBERS OF PILLARS, SIX.

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