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e-money on the rise as balance on float grows

The amount of money held in accounts, also known as balance on float – primarily in mobile money accounts, has remarkably increased, reflecting a continuous upward trajectory and transformation in the financial landscape. Data from the…

Cedi’s near-term future stable

The cedi is expected to experience modest stability against its biggest trading partners, with a cocktail of factors such as the recent coupon payment for new bonds, reduced import demands and foreign exchange (FX) to oil players to offset…

Will We See $90 WTI Soon?

U.S. benchmark October West Texas Intermediate (WTI) crude oil prices marked a significant uptick, with U.S. crude oil seeing an increase of over $2 a barrel on Thursday. This jump is attributed to expectations that the OPEC+…

Oil Reaches New 2023 High

The per barrel price for the WTI grade of crude oil reached $85 on Friday—the highest price point yet this year as falling inventory levels spook the market. WTI crude oil briefly reached $85 per barrel before sagging to $84.90 around…