Business in Ghana

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Posts Tagged ‘Ghana Economy. IMF’

In an Economic Wilderness. Critical News, 10th August 2014

Posted by Business in Ghana on August 10, 2014

Sydney Casely-Hayford,

I finished form five at Accra Academy forty-three years ago. Forty-three years. We did the calculation this weekend when we came home to the Alma Mater on Saturday, boasting freely of stupid pranks, feeling comfortable with friends you forged early learning experiences, and listing colleagues now departed, fondly and regrettably.

We are old men now, sixty plus and balding, most of us in glasses, trying hard to get in and out of chairs without wincing, but determined to hold on to old drinking capacities and boasting empty Guinness and Club bottles, the whiskey bottle still a friend even with arthritic hands and extended belly guts.

We ate, laughed, let our hair down and yelled and sang profanities as if it was still yesterday and we had lofted ourselves into the school bus on the way to an inter-co competition, confident that Accra Aca would triumph again.

The old school changeth not; we saw and admired trees we had planted and nursed, punished to weed courtyards and football fields still in use and the grand entrance to the old school still welcoming as on the first day when you registered to spend the next five years with strangers who would become life-long bosom pals in the half decade.

There were enough of us to let the 2014-year group know that we are still a force and now an accolade and beacon for them to live to the expectations of a great school founded in 1931. Read the rest of this entry »

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Ghana Economic Review and Outlook 2013 and the Dawn of the Dutch Disease

Posted by Business in Ghana on October 20, 2012

DATE: Thursday 25th October 2012      TIME: 8.30 a.m. prompt

Venue: British Council Hall, Liberia Road, Accra

Major Findings

Currency crisis has been brought under control

Over the first half of this year, the cedi lost about 20 percent of its value against the US dollar in the foreign exchange markets. It stabilized somewhat between July and August, reaching a peak of GHᄁ1.9565 per US dollar in late-August, and thereafter gradually gained in value /recovered to the current GHᄁ1.8938 by mid-October. Barring any adverse developments, CEPA projects an end-year rate of GHᄁ1.85 per US dollar. For the year as a whole this would mean a cumulative loss in the value of the cedi by about 13 percent. Read the rest of this entry »

Posted in Financial Services, Uncategorized | Tagged: , , , | 3 Comments »