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Editorial: How U.S. Tariffs Could Affect Banks in SSA
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Fitch Solutions points out that the nation’s banking industry is at risk due to a significant non-performing loan (NPL) ratio of 21.8% and a Capital Adequacy Ratio (CAR) of 14.0%. Fitch Solutions points out that this situation is due to the domestic debt exchange program (DDEP) and elevated interest rates. In their report ‘US…
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Comedian AY Interrogated by EFCC Over Naira Spraying Incident
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The Nigerian entertainer and performer Ayo Makun, widely recognized as AY, has addressed the matter concerning his recent summons by the Economic and Financial Crimes Commission regarding accusations of naira misuse. On Wednesday, AY posted on his Instagram account that he had been summoned for interrogation on Monday, May 5, concerning the public dispersion…
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Chinese Shoppers Spend Avg. $79 Per Person This Holiday Season
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During the May Day holiday, Chinese travelers increased their expenditures by 8% compared to the previous year, reaching 180.27 billion yuan (approximately US$24.92 billion). However, this figure remained below pre-pandemic levels. Additionally, China’s service sector experienced growth at its lowest rate in seven months throughout April. The May Day holiday, one of the country’s…
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Asian Currencies Soar: A Crisis Reversed
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A surge in dollar selling across Asia is a worrying indicator for the US currency, particularly as the global leader in exports begins to reconsider the long-standing practice of channeling its substantial trade surplus into American financial assets. The strong performance of the Taiwanese dollar on Friday and Monday has created ripples, leading to…
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Patrick Boamah Calls for Bold Moves as Cedi Gains Meet IMF Funding
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The Member of Parliament representing Okaikwei Central, Patrick Yaw Boamah, has called upon the government to maintain the recent improvements in the value of the cedi relative to the US dollar. He cautioned that this present stability might not last permanently unless immediate measures are implemented to boost investor trust and reinforce Ghana’s economic…
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Dollar Edges Up Slightly Against Dong – International Edition (English)
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On Tuesday morning, the U.S. dollar saw a slight increase against the Vietnamese dong. Vietcombank increased its rate by 0.07%, raising it to VND26,160. The State Bank of Vietnam reduced its reference rate by 0.02% to VND24,938. On the black market, the exchange rate for the dollar stood at VND26,530, marking an increase of…
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Locked Billions: South Korea’s Dementia-Linked Assets Spark Legal and Economic Concerns
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As South Korea faces an aging populace, the nation is grappling with a growing economic and legal issue: the significant amount of assets owned by individuals suffering from dementia, which are typically kept out of reach and unused. These so-called “dementia money” holdings—tied up in real estate, bank accounts and other financial instruments—are raising…
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Americans Need $114,000 Yearly to Buy a Median Home
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For many Americans, homeownership is becoming increasingly unattainable due to high mortgage rates and escalating home costs stretching potential purchasers’ budgets to their limit. To afford a home priced at the current national median of $431,250, as reported by Realtor.com for April, buyers must have an annual income of at least $114,000 based on…
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GSE Rally Poised to Surge: T-Bill Yields Drop and Banking Sector Shines
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By Ebenezer Chike Adjei Njoku The GSE equity market is expected to maintain its upward trend throughout the second quarter of 2025 due to reduced T-bill rates, a steady macroeconomic climate, and enhanced company profits—especially within the banking industry—which collectively boost investors’ optimism. According to Databank Research’s most recent Ghana Market Quarterly Report for…