Nigeria’s naira headed for its weakest level against the dollar since July 23 as demand increased before the central bank’s second foreign-exchange auction of the week. The currency of the continent’s biggest crude producer retreated 0.2 percent to 160.85 per dollar as of 1:02 p.m. in Lagos, the commercial capital, […]
Tag: Ghana
IMF Advise Ghana to Increase Banks Capital Base
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Monday advised Ghana to increase its banks capital base to contain vulnerabilities, including the risk of nonperforming loans. This is coming on the heels of the IMF’s Executive Board recommendation on the conclusion the Article IV consultation with the […]
Exclusive – Ghana plans up to $1 billion Eurobond in 2013
Ghana plans a Eurobond worth up to $1 billion (655 million pounds) to refinance debt and fund infrastructure projects, its vice president said, adding to the list of developing countries tapping yield-hungry investors to bolster their economies. “We are looking at the best conditions including costs, and we will not […]
