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Pay your clients – SEC to Asset Fund managers

The Securities and Exchange Commission (SEC) has assured the investing public that there is no need for “panic withdrawals” as it is committed to ensuring a sound, efficient and robust market where investors’ funds are protected. The SEC’s assurance follows the revocation of licences of 23 insolvent savings and loans companies and finance houses by the Bank of Ghana (BoG)...

BoG cracks whip on pricing in dollars

The Bank of Ghana (BoG) is taking steps to stem the dollarisation of the Ghanaian economy by enforcing laws that bar the pricing of goods and services in American dollars and other foreign currencies. The dollarisation of the economy has contributed to the perrenial unfavourable fluctuation of the cedi and its attendant effect on inflation and cost of living. But a...