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”

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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THE SITUATION OF THE BANKING SECTOR IN GHANA

THERE IS NO DAY PASSING WITHOUT A DISCUSSION OR NEWS ABOUT THE SITUATION OF THE BANKING SECTOR IN GHANA. THE FINANCIAL OF THE GHANA STOCK EXCHANGE HAS A LONG-RUN DOWNWARDS TREND. AND THE FACT THAT THE GOVERNOR OF THE BANK OF GHANA HAS TO MAKE A STATEMENT THAT THE CENTRAL BANK WILL GO ON ISSUING LICENSES WILL SURELY ALSO NOT CALM THE SITUATION.READ FOR THIS http://www.thebftonline.com Continue reading “THE SITUATION OF THE BANKING SECTOR IN GHANA”