The Supreme Court has directed the Bank of Ghana (BoG) to submit in fourteen days their statement of case, in the current suit filed against it by a private legal practitioner, Dr John Ephraim Baiden, on the continuous depreciation of the cedi. Dr Ephraim Baiden hurled the BoG to the Supreme Court for failing to stabilize the cedi seeking a declaration that upon a true and proper interpretation of Article Article 183(2)(a) of the constitution which says “The Bank of Ghana shall promote and maintain the {....}

Government is expected to issue the country’s next Eurobond when it gets the green light from its transaction advisors. According to finance minister Seth Tekper the advice of the experts will determine the exact period for conducting road shows and floating the bond. Government has appointed Barclays Bank, Deutsche Bank and Standard Chartered Bank as lead transaction advisors for Ghana’s next Eurobond issue. Local firms Databank, EDC Stockbrokers a subsidiary of the Ecobank Group {....}

Indigenous bank, HFC was the best performing stock on the Ghana Stock Exchange (GSE) for the first half of this year. The Ghana Stock Exchange returned about 10 percent from the beginning of the year to midyear. This is not as impressive as last year, as the market returned about 50 percent for the same period in 2013. Thirteen companies for the first half of the year recorded gains, while fourteen recorded declines. HFC, from the beginning of this year, to the end of June, increased by about 62 percent. Its share price [...]