Finance

ACCRA (Reuters) – Ghana’s central bank on Monday maintained its policy rate at 14.5%, citing a need for macro-economic stability despite the slowdown brought on by the coronavirus pandemic. Respective denominations of the Ghanaian cedi currency Ghana’s economy, which relies heavily on natural resources like cocoa, gold and oil, is expected to grow in 2020 at its slowest rate in …

The European Union has blacklisted four African countries over money-laundering concerns as it says their financial transactions require further scrutiny. Botswana, Ghana, Mauritius and Zimbabwe were part of 12 countries placed on the EU’s blacklist. The other countries blacklisted are Bahamas, Barbados, Jamaica, Nicaragua, Panama, Cambodia, Mongolia and Myanmar. But the blacklisting will have to be approved by the European parliament …

This is a first-of-its-kind Pan-African compilation of the continent’s leading women, drawn from business, politics, media, science, sports and public life, who are challenging the status quo and creating a trail on terrain where there was none. They are reshaping history, closing inequalities and pioneering new avenues of wealth creation and in turn, lifting others with them. Africa’s 50 Most …

So TheAfricanDream.net out of curiosity recently got curious about our favorite numismatist Adetunji Omotola and his interest in Africa’s over 53 currencies, especially when the Nigerian made us aware that as of January 1, 2013, the Zambian Kwacha (ZMW) was the strongest currency on the continent. In our quest to find out more about Africa’s currencies from our amateur numismatist …

Best-selling South African author Mothupi Kgopa is out with a new book titled ‘African Wealth: Little Money Bird‘. The book’s objective is to assist parents to teach their children money management from an early age. Kgopa’s new book seeks to get parents on the continent to lead the new revolution of raising financially literate children. As recounted in the book: …

MOBA regulations ‘Article 46’ mandates the establishment of an Endowmnet Fund which’s seed money shall not be touched but used as a foudation on which to grow funds over time. Only a portion of interests accrued from the invested funds (not principal) will however be used on an annual basis for projects approved by MOBA global. Get more details about …

The government of Dubai in the United Arab Emirates (UAE) has revealed details of its own blockchain-based cryptocurrency, called emCash. In major news coming out of the UAE, the government of the city of Dubai will develop and implement emCash, an encrypted blockchain-powered digital currency that will enable citizens to pay for government and non-government services alike. The digital currency …

Washington D.C. — Trade-ing Up, a non-profit focused on vocational education in Ghana, launches the Sponsor a Student program October 2017. Trade-ing Up is the brainchild of Brandon McGee and Kyle Wiese. Over many visits to Ghana in 2015-17, they encountered youth in the town of Yeji eager to earn certifications in sought-after trades such as dress-making and carpentry. These youth, …

Ghana has witnessed some positive actions for the country in government’s quest to achieve financial inclusion, using it to propel the kind of development people have yearned for, for decades. The first action was the announcement by the National Identification Authority (NIA) that it was ready to roll out the National Identification System. This has been on the drawing board …

The Board of Directors of IT Systems firm, Sibton Switch has announced the appointment of Mr. Peter Denzil Lawson as its new Chief Executive Officer (CEO) effective August 1, 2017. Mr. Lawson is expected to provide critical strategic and operational leadership and direction to guide the operations of the company in its crucial years as it prepares towards the implementation …