Junk status for Africa’s two biggest economies will hit overall growth

According to Royal Institution of Chartered Surveyors’ (RICS) South Africa country manager TC Chetty, the recent credit rating downgrades by global ratings agencies will negatively affect Africa’s two biggest economies – South Africa and Nigeria, and hit Africa’s overall economic growth. TC Chetty, South Africa country manager for the Royal Institution of Chartered Surveyors (RICS). […]

Ghana: Despite poor performing banking stocks in 2015, Analysts remain optimistic for 2016

Stock market analysts are projecting that banking stocks on the Ghana Stock Exchange (GSE) will perform better next year (2016) than they did this year (2015). All the banking stocks on the stock exchange with the exception of the Trust bank of Gambia recorded declines in their share prices this year as compared to 2014. […]

Ghana’s manufacturing sector registers negative growth

Photo©Reuters Persistent erratic power supply led to Ghana’s manufacturing sector growth dipping to an unprecedented negative 8% in the fourth quarter of 2014, eroding confidence in the business community, Association of Ghana Industries (AGI) has said. "The manufacturing sector continues to shrink and Ghana risks losing its industrial base if government policies do not quickly […]