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A senior Lecturer and Head of Finance Department, School of Business at the University of Cape Coast, Dr. John Gatsi, has tasked the newly admitted members of the Association Of Certified Chartered Economists/Global Academy of Finance and Management (ACCE/GAFM), to be interested in learning new things, related to their profession, in order to stay abreast with the latest developments in the global financial market and the economy at large.

He charged them to attend relevant seminars, conferences and refresher courses, to update their minds on the new trends, in order to remain relevant to changing trends.

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As the Bank of Ghana prepares to commence its first dollar auction to banks through a competitive bid, some financial observers have stated that the regulations guiding the process may put excess pressure on the banks.

“You could clearly that the move by the central bank is to try to influence the banks’ rate in terms of the forex rate so even if the bank that wins the auction, has an additional responsibility not to sell the dollar above a particular rate but that is the unfortunate part since it is supposed to be market driven,” Economist Dr. Ebo Turkson said.

The Central Bank last Friday [November 25th, 2016], announced that it will commence the auction of US dollars to banks from Wednesday [November 30], using proceeds from the 1.8 billion dollars Cocoa Syndicated Loan.

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A commercial court is expected to today [Wednesday], hear a case in which the Bank of Ghana is expected to justify why some government accounts should not be frozen to pay off judgement debts in favour of NDK Financial Services.

An appeals court last week, struck out a stay of execution case after the Attorney General failed to make an appearance in court.

Citi Business News however understands that the Appeals Court on Tuesday [November 29, 2016], granted a motion by the AG’s department to relist stay of execution.

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