Category Archives: Forex
Ghana will introduce new GHS5 currency note: The Bank of Ghana (BoG) has announced that it will be issuing a new 5 Ghana Cedis note which will have a portrait of Dr James Kwegyir Aggrey – a missionary and a teacher in the Gold Coast, who lived from October 18, 1875, to July 30, 1927. According to Dr Abdul Nashiru Issahaku, the Governor of the BoG, the new GHS5 note will be used alongside the old GHS5 note. He mentioned that the decision is being made as an effort to celebrate Dr James Kwegyir Aggrey for his unprecedented contribution towards education and the development of the country. The new GHS5 note has new durable security features which can be easily identified by the public and comes with additional internationally acceptable security features which are sensitive to touch to aid the visually challenged in identifying the new note. The new note is also a move to celebrate 60 years of central banking in Ghana since it began in 1957 following the country’s independence.
SWIFT RMB Tracker shows an overall decline in RMB payments by value for 2016, closing out the year in sixth place among currencies used for international payments
When trading in the forex industry, it is recommended only to trade with trusted brokers such as XTrade.
The South African Rand (ZAR) is one of the most volatile emerging market currencies. Combined with extensive international hedge fund carry trade participants and the uncertain nature of the political landscape, you have a perfect currency to trade Binary Options with.
Many people trade foreign exchange currencies but lose their money because of they don’t know how to choose the best online Forex broker, The “ForexSQ“ forex website experts tell me the important steps i must care about for choosing the best online Forex broker in Africa or around the world, so i write them below.
Tumisho Grater, Economic Strategist, Novare Actuaries and Consultants
If you’re looking for a brokerage firm to work with, look no further than Binary Uno. There are a lot of brokerage firms out there, but Binary Uno is, by far, one of the most interesting of them all. This firm offers an excellent layout and an attractive design that is easy to use.
Since the year 2016 began, we have experienced a series of random fluctuations in prices both in the commodity and financial markets. This has been a global phenomenon and Africa as a continent was not let out of the ongoing global economy shake-up. With most African economies being dependent on commodity markets, the drop in oil prices has hit some of them hard such as Nigeria. Nevertheless, other economies have remained resilient and shrugged off the global turbulence to maintain a stable outlook both in the short-run and in the long run.
Forex market is extremely competitive, which why finding the right brokers can be quite a daunting task, especially for a newbie trader. When you are looking around for a suitable brokerage platform to open a trading account, it is vital to consider certain factors.
Gold has been a great blessing for Africa in the last decade. The recent ‘gold rush’, spurred from the rally in the gold price from below $700 per ounce to an all time high of over $1,900 per ounce, has had a very positive socio-economic impact on Africa’s ‘gold nations’. South Africa, Ghana, Tanzania and Sudan are amongst the top 20 biggest gold producers in the world. These countries’ economies have benefitted greatly from mining and exporting the precious metal over the last decade. However, it is not only the South Africans, Ghanaians, Tanzanians and Sudanese who can benefit from gold. Every middle class African now has the opportunity to benefit from an increase in the value of gold. They can do so by purchasing gold as a financial investment.
The decline in commodity prices over the last three years has made life harder for many African businesses, as natural resources make up a large percentage of the business landscape on the continent. However, the drop in commodity prices is not the only challenge companies in Africa are facing. Increasing volatility in the African currency markets is also a cause of grief for transnational businesses in Africa.
You may or may not have heard of trading in the Forex market as a method of making an extra income alongside your current job or indeed as a means of making a regular income without needing to work. Once reserved for investment bank and large corporations, trading of currencies on the Forex market is now widely available to the public and many savvy investors use it as a means of increasing the amount of money they bring in. If you’re interested in trading Forex, it’s important that you know how to get started and on the track to success.
Many of you already know that online CFD trading has become a popular trend and that more and more people are trying their luck with it. But, is this really a viable way to earn an income?