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Bond market: Secondary activity eases 2.67% to GH¢1.23bn
Activity in the secondary bond market declined by 2.67% week-on-week to GH¢1.23…
Tuesday: Advertised Jobs In Newspapers Today
Prospective job seekers can find below the advertised jobs in the May…
GUTA: Fiscal discipline, BoG action key to cedi stability
The President of the Ghana Union of Traders’ Association (GUTA), Dr. Joseph…
Accra emerges as Africa’s third fastest-growing real estate market – report
Accra has emerged as Africa’s third fastest-growing real estate market, trailing only…
Oil Prices Hold Firm on Trade Talk Optimism
Crude oil futures ended the week higher, buoyed by renewed optimism around…
Gov’t can’t enforce price cuts on traders despite cedi gains – Trade Minister
The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has clarified that…
Oil Stocks Rally as Crude Prices Climb
The momentum sparked by the U.S.-China tariff reduction agreement fueled gains across…
Markets Rally on U.S.-China Tariff Deal
The S&P 500 surged 2.9% at the open on Monday after the U.S. and China agreed to slash tariffs for 90 days, signaling a temporary de-escalation in their trade war. The techheavy Nasdaq also jumped 4.1% following the agreement, which came after weekend negotiations in Geneva. The deal will see the U.S. reducing tariffs on Chinese goods imposed during President Trump's second term from 145% to 30%, while China will lower retaliatory duties on U.S. imports from 125% to 10%. The announcement boosted the U.S. dollar by 1.2% against a basket of currencies, and Brent crude oil prices rose 3.2% to $65.96 per barrel. Analysts described the tariff reductions as unexpectedly early and significant, with Chris Turner from ING highlighting the larger-than-anticipated concessions. Capital Economics estimated that, after the agreement, total U.S. tariffs on China would average around 40%, while Chinese tariffs on U.S. goods would be about 25%.
Oil Stocks Rally as Crude Prices Climb
The momentum sparked by the U.S.-China tariff reduction agreement fueled gains across…
Cedi rally cutting foreign debt load
The improving cedi is beginning to reshape the nation’s debt profile, as…