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The Central Bank of Argentina raised its key interest rate Monday by six percentage points to 97% in an effort to tackle soaring inflation that has reached 30-year highs. Central banks across the globe are struggling to rein in inflation, but it’s a particular problem in Argentina, where the annual …

The Ghana Road Transport Operators will reduce transport fares by 10% effective Wednesday, May 17, 2023. According to the association, the reduction is in line with the recent reductions in the prices of petroleum products. “In line with the Administrative Arrangement on Public Transport Fares, the Road Transport Operators have …

Ghana’s Eurobonds and the country’s local currency – the cedi – extended gains today May 15, 2023, as the nation expects the International Monetary Fund Board approval for a $3 billion balance of payment support this week. According to Bloomberg, Ghana’s currency strengthened by 5.3% on May 15, 2023, , …

The government will borrow ¢3.33 billion from the treasury market on Friday May 12, 2023, to partly refinance maturities worth ¢2.31 billion. Joy Business understands that part of the ¢3.33 billion will be used to settle coupon payments of the pension bondholders. The amount which will be the biggest so …

The Ghana cedi is expected to end 2023 at ¢12.40 to one US dollar, Fitch Solutions has predicted. This means the rate of depreciation will be far lower than the 38% recorded last year. The research and market information firm’s argument is based on the premise that Ghana will secure …

The government will borrow ¢1.83 billion today May 5, 2023, on the treasury market. The amount will be raised via the issuance of 91-day, 182-day and 364-day Treasury bills. This will be used to refinance upcoming maturities estimated at ¢1.75 billion. In this regard, ¢800 million fresh funds will be …

Economist, Professor William Baah-Boateng, has charged policymakers to move away from job creation to employment generation. Using job creation as a term for temporary employment over a very short period, he noted that if policymakers continue to use ‘gigs’ to address the unemployment situation in the country, they would inadvertently …

Aprender a instalar o Python é o primeiro passo para começar a utilizá-lo. Mas, apesar de ser um processo simples, a instalação dessa linguagem varia de acordo com o sistema operacional. Portanto, enquanto o trader comum pode depender de sua intuição e experiência para interpretar o padrão, o quant buscará …

Steve Hanke, Professor of Applied Economics at the John Hopkins University in the USA, has taken a swipe at the President Akufo-Addo’s administration, saying, its economic mismanagement has led to the poor performance of the cedi and inflation. According to him, inflation in Ghana is presently at a stunning 65.75%, …

Economist Intelligence Unit (EIU) is predicting a 30% depreciation of the cedi to the dollar in 2023. This is however lower than the about 44% depreciation of the local currency in 2022. Disclosing this in its 2023 Country Report on Ghana, the UK based firm said it expects the cedi …