Crypto-Currencies: My fears solidly backed by Aswath Damodaran’s views

If you have noticed, my stand on investing in cryptocurrencies has been really shaky because it is something I don't understand too well and cannot comprehend how cryptocurrencies can become the future currency. People who call me for advice on this didn't get anything solid but skepticsm and doubt of the prospects of these cryptos. … Continue reading Crypto-Currencies: My fears solidly backed by Aswath Damodaran’s views

How does the foreign-exchange market trade 24 hours a day?

The forex market is the largest financial market in the world, trading around $1.5 trillion each day. Trading in the forex is not done at one central location but is conducted between participants through electronic communication networks (ECNs) and phone networks in various markets around the world. The market is open 24 hours a day from 5pm EST on Sunday … Continue reading How does the foreign-exchange market trade 24 hours a day?

Details of Ghana’s New Ratings by Fitch

A statement issued by Fitch Ratings reveals Ghana’s new rating of B+ with an outlook signifying stability. Four Local Currency government bonds with maturities in 2014 and 2017 have long term rating as B+. The statement stressed that Ghana’s ability to maintain its rating at a ceiling of B+ attested for Good governance and demonstrated its capacity to repay … Continue reading Details of Ghana’s New Ratings by Fitch

Dollarization of the Ghanaian Economy: MD writes.

By Guest Blogger: David Mawutor Avor ( M. D. Avor );Not too long ago, I used to watch the News on television without giving a hoot about business news. In fact, I would rather switch my channel to a different station than watch all those “meaningless” figures about the “dollar is trading at…” and so forth. How times … Continue reading Dollarization of the Ghanaian Economy: MD writes.