Daily Archives - July 9, 2021

Firms advised to reduce reliance on banks for finance

Businesses must reduce their reliance on banks for funding and consider other sources of finance to support their operations, Paul Ababio, Deputy Director-General in Charge of Finance at the Securities and Exchange Commission, has observed. Businesses must reduce their reliance on banks for funding and consider other sources of finance to support their operations, Paul Ababio, Deputy Director-General...

Deputy GSE boss endorses establishment of Development Bank Ghana

A leading investment banker and Deputy Managing Director of the Ghana Stock Exchange, Abena Amoah has endorsed the approach being used for the establishment of the Development Bank Ghana. Madam Amoah, speaking as part of a development finance series organised by Citi TV and Citi FM in collaboration with the research and consultancy Centre of the University of Professional Studies,...

MD of GSE explains why Ghana’s bond market is doing well

The Managing Director of the Ghana Stock Exchange (GSE) Mr. Ekow Afedzie has said the buoyant trend witnessed recently indicates the confidence of investors in the local economy. Ghana’s stock market has emerged as the best performing market on the African continent after it returned about 36% in dollar term for investors. MTN Ghana (87.50%), Guinness Ghana Breweries Limited (43.33%), Soceite...

Trading in cryptocurrencies – SEC to state final policy position

The Director General of the Securities and Exchange Commission, Rev. Daniel Ogbarmey Tetteh, has said that the commission will soon come out with its final policy position on trading in cryptocurrencies. He said the commission was still trying to get a better view of how to approach the whole issue of cryptocurrencies to determine whether to allow it or not.Until...