THE CONTRIBUTION OF THE INFORMAL SECTOR TO GDP HITS A NEW HIGH

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THE INFORMAL SECTOR CONTRIBUTED A WHOPPING 73 BILLION GHC TO THE ECONOMY IN GHANA. THIS IS ACCORDING TO THE BUSINESS&FINANCIAL TIMES GHANA ONLINE ( https://thebftonline.com/ ). THE GOVERNMENT SHOULD SEE TO IT THAT IT COULD WIDEN THE TAX NET. THIS IS BY INCLUDING MORE OF THE INFORMAL SECTOR INTO REVENUE COLLECTION.  Continue reading “THE CONTRIBUTION OF THE INFORMAL SECTOR TO GDP HITS A NEW HIGH”

GHANA STOCK EXCHANGE WEEK FROM 24-09-18 TO 28-09-18

THE GHANA STOCK EXCHANGE (GSE, https://gse.com.gh/ ) MADE A GOOD IMPRESSION DURING THE LAST WEEK. THE COMPOSITE BROKE THE 3,000 MARK FOR THE FIRST TIME SINCE A RELATIVELY LONG PERIOD. ADDITIONALLY, ALSO THE FINANCIAL GAINED SOME STRENGTH COMPARED WITH THE BEGINNING OF THE WEEK.  Continue reading “GHANA STOCK EXCHANGE WEEK FROM 24-09-18 TO 28-09-18”

MENZGOLD AND NO END…

IN THE LAST WEEKS, THE GHANAIAN WHATEVER FIRM MENZGOLD HAS AT LEAST OCCUPIED PART OF THE MEDIA. WHATEVER FIRM I SAY, BECAUSE PROBABLY NOBODY KNOWS UNTIL NOW WHAT KIND OF FIRM IT IS. QUESTIONS ARISE WHETHER IT FALLS UNDER THE JURISDICTION OF THE SECURITY EXCHANGE COMMISSION (SEC) OR NOT. NOW MENZGOLD HAS OBVIOUSLY DRAGGED TWO GHANAIAN INSTITUTIONS TO COURT. WE WILL SEE WHAT THE OUTCOME IS. I DON’T WANT TO DEAL WITH JURIDICAL QUESTIONS HERE, BUT ONLY WITH ECONOMICAL AND FINANCIAL ONES.  Continue reading “MENZGOLD AND NO END…”

GHANA MONETARY POLICY PRESS RELEASE 09-2018

SUMMARY OF ECONOMIC AND FINANCIAL DATA SEPTEMBER 2018

THE MONETARY POLICY COMMITTEE OF THE BANK OF GHANA HELD ITS REGULAR MEETING IN SEPTEMBER. AFTERWARDS, THE CENTRAL BANK ISSUED A PRESS RELEASE INCLUDING AN OVERVIEW OF THE MAIN ECONOMICAL DATA. ALSO, THE CENTRAL BANK PUBLISHED ITS DECISION TO LEAVE THE MONETARY POLICY RATE AT 17%. LET US HAVE A LOOK AT THE OBSERVATIONS OF THE BANK OF GHANA:  Continue reading “GHANA MONETARY POLICY PRESS RELEASE 09-2018”

HOW SHALL I AS INVESTOR HANDLE MY PORTFOLIO?

IF YOU HAVE SOME MONEY LEFT, AND YOU PUT IT IN STOCKS, BONDS AND OTHER ITEMS THAT YOU THINK WILL BRING PROFIT FOR YOU, YOU BECOME AN INVESTOR. THE ITEMS YOU PUT YOUT MONEY IN, FORM YOUR PORTFOILIO. YOU WANT TO MAKE SURE THAT YOUR PORTFOLIO BRINGS THE BEST RESULT. HOW SHOULD YOU HANDLE YOUR PORTFOLIO IN ORDER TO ACHIEVE THAT?  Continue reading “HOW SHALL I AS INVESTOR HANDLE MY PORTFOLIO?”

GHANA STOCK EXCHANGE WEEK FROM 10-09-18 TO 14-09-18

 

THE GHANA STOCK EXCHANGE ((GSE) SHOWED A SOMEWHAT INTERESTING DEVELOPMENT. USUALLY, BOTH THE COMPOSITE AND THE FINANCIAL GO INTO THE SAME DIRECTION. THIS WEEK, IT WAS DIFFERENT.

WHILE THE COMPOSITE CLOSED THE WEEK EVEN HIGHER THEN AT THE BEGINNING, THE FINANCIAL CLOSED THE WEEK AT ITS LOWEST POINT. LET US LOOK AT BOTH SEPARATELY:  Continue reading “GHANA STOCK EXCHANGE WEEK FROM 10-09-18 TO 14-09-18”