Tag Archives: currency

Ghana to Introduce New Currency Note Today

new GHS5 currency note

New GHS 5 currency note

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.

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IMF Executive Board Concludes 2013 Article IV Consultation with Seychelles

VICTORIA, Mahé, May 15, 2013/African Press Organization (APO)/ On May 8, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Seychelles. 1

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SA ECONOMIC GROWTH HIT BY MINING SECTOR

Will the Chinese purchase divested mining interests?

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Posted in African News, South Africa News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

GBOT, The First Exchange in Africa, to Successfully Launch Contracts for Difference (CFDs)

 

GBOT is the 1st exchange in Africa and 2nd in the world to introduce CFDs

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Standard Bank Group ranked the world’s 12th greenest bank

Standard Bank Group has been ranked the 12th “greenest” bank in the world and the cleanest in Africa by Bloomberg Markets.

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Posted in Africa ECO, African News, Green Energy, South Africa News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

IMF Executive Board Concludes 2012 Article IV Consultation with Equatorial Guinea

MALABO, Equatorial Guinea, March 29, 2013/African Press Organization (APO)/ On January 11, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the 2012 Article IV consultation with Equatorial Guinea.1

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The day my bank account reached the 7 digits

Anthony Tirel

Chief Trader at TRADAXA

www.tradaxa.com

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Posted in African News, Forex, Interview | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

African banks look to fill gap left in trade finance as Europe pulls back

International commodity traders are turning to African banks to finance trade transactions as the global economic slowdown, Eurozone debt crisis and tougher capital requirements force international banks to pull back their lending in Africa.

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Statement at the Conclusion of an IMF Mission to Libya

TRIPOLI, Libya, March 8, 2013/African Press Organization (APO)/ An International Monetary Fund (IMF) mission led by Mr. Ralph Chami visited Tripoli during February 20–March 7, 2013, to conduct discussions with the Libyan authorities in the context of the annual Article IV consultations.1 Discussions focused on measures to improve the business environment to foster inclusive growth based on diversification of the economy underpinned by private sector–led growth, develop the financial sector, and control government spending including through subsidy reform. The mission met with Prime Minister Ali Zeidan, Finance Minister Haithem Jalgham, Central Bank Governor Saddek Elkabeer, General National Congress Chairman Mohammed Magariaf, and other government and central bank officials, as well as members of the General National Congress and representatives of civil society.

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Visa Inc. Survey: Tooth Fairy Spending Rebounds, Up 15%

Tooth Fairy Now Leaves an Average of $3 Per Tooth , Up From $2.60 in 2011

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