Finance Students & Associates-FINSA (UGBS)♨
               🇬🇭27th March, 2019
                ⏰6:00pm

BUSINESS SPACE📈
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📡Gov’t considering review of law banning ‘Okada’ transport

Stakeholder consultations have begun for a possible review of the law which bans the use of motorcycles for commercial purposes. According to the Transport Ministry which is leading the discussion, the Okada business has provided jobs for thousands of people and has also made commuting easy  for traders, hence the need to reconsider the law. As it stands, the Road Traffic Regulations, 128, 2012 forbids the use of Motor cycles or tricycles for commercial purposes aside courier and delivery service.

📡More education needed to curb cyber crime—Ken Ashigbey

Chief Executive Officer of the Ghana Chamber of Telecommunications, Kenneth Ashigbey says more education is needed to reduce the menace of Cyber Crime in the country. Mr. Ashigbey is of the view that intensifying education on cybercrime is crucial in order to reduce the number of cases recorded. As at 2017, Ghana lost 97 million dollars to cybercrime. Delivering a speech at the launch of the Jumia Ghana Mobile Report, Mr Ashigbey said Ghanaians must be more abreast with technology to be able to tackle cyber fraud cases in the country.

📡Skilled human resource crucial for banking industry development—consultant

A banking consultant, Dr. Richmond Atuahene has called for highly skilled human resource in the banking sector to drive the growth needed for the financial sector. Dr. Atuahene maintained that the focus going forward for the banking sector will be to build the needed human capacity to ensure effective leadership at all levels.

📡'Ghana is ready for business' –President woos Maltese companies

President Addo Dankwa Akufo-Addo has urged Maltese companies to take advantage of the new impetus given to Ghana-Maltese relations by the reciprocal high-level visits of the last 18 months and invest in Ghana. Addressing a Ghana-Malta Business Forum, President Akufo-Addo stated that he is happy that Maltese companies have already made investments to the tune of some $19 million in our country.” He added that there are several projects in Ghana, in the areas of water, housing, transport, industry, manufacturing, agriculture, petroleum and gas, the exploitation of our mineral wealth of bauxite, iron ore and gold, amongst others, which are being structured to attract private sector investment and financing.

|Policy Rate in Ghana - 16.0%|

|Inflation Rate in Ghana - 9.20%|

|Treasury bills rates|
Period        Discount Rates       Interest Rates
91 - Day           14.1953%                  14.7176%
182 - Day         14.0914%                  15.1595%

Foreign News💤
⚖Italy set to cut 2019 GDP estimate

A planned package of measures designed to lift economic growth could boost this year's GDP to 0.2 percent, a paper has said, allowing the government to submit to the European Commission a revised deficit-to-GDP target of 2.3 percent. That compares with a 2.04 percent deficit forecast in Italy's 2019 budget law.

⚖US-China trade deal may not come until May or June, expert says

The U.S. and China may reach some understanding in their ongoing trade talks in May or June, said Charles Dallara, a former managing director and CEO at the Institute of International Finance. Dallara said the talks would be "the first step in a new phase of the economic relationship between China and the U.S.," and to a lesser extent, between Beijing and the rest of the world.

⚖Nigeria Unexpectedly Cuts Key Rate for First Time Since 2015

Nigeria’s central bank unexpectedly reduced its key interest rate for the first time in more than three years to help boost the economy. The Monetary Policy Committee voted to cut the rate to 13.5 percent from 14 percent. The median estimate in a Bloomberg survey was for the key rate to be held at 14 percent.

|Daily Interbank FX Rates|
Currency         Pairs Code   Buying   Selling
U.S Dollar            USDGHS       5.0780    5.0830
Pound Sterling   GBPGHS       6.7101    6.7187
Swiss Franc         CHFGHS       5.1062    5.1108
Canadian Dollar CADGHS       3.7916    3.7955
Euro                      EURGHS       5.7356    5.7405
Chinese Reminbi CNYGHS      0.7562    0.7572

🌀|Sources|
www.citibusinessnews.com
www.bog.gov.gh
www.myjoyonline.com
www.bloomberg.com
www.cnbc.com
www.wikipedia.com
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Term of the day📚
🤔 Key rate duration
Key rate duration measures how the value of a security or portfolio changes at a specific maturity point along the entirety of the yield curve. When keeping other maturities constant, the key rate duration can be used to measure the sensitivity in a security's price to a 1% change in yield for a specific maturity.

🤔 What does negative duration mean?
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📍Compiled & edited by:
Agnes Boatemaa Appiadu
Philip Elike Gagah