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Petroleum fund Another issue Mr Agyeman cited was the administration of the Ghana Petroleum Fund (GPF), which is made up of the Ghana Heritage Fund (GHF) and the Ghana Stabilisation Fund (GSF). He noted that the instruments in which the GHF was invested were low risk resulting in low returns, therefore, there was the need to diversify the investment portfolios so that the returns at the end of the day would be quite appreciable. On the other hand, he explained that although the essence of the GSF is to provide economic buffer in times of unanticipated shocks to the national economy, about 90 ...

Second Niger BridgeThe devastating impact of the COVID-19 pestilence on the global economy is obvious. Reason finance experts rightly predicted that many corporations’ finances in 2020 would be in red. The International Monetary Fund did predict that the global economy would contract by three percent as countries around the world shrink at the fastest pace in decades. The IMF described the global decline as the worst since the Great Depression of the 1930s. x It said the pandemic had plunged the world into a “crisis like no other”. The Fund added tha...

Regional chamber: Covid restrictions forcing businesses to adapt 2 Hrs Ago Superintendant Glen Charles of the Port of Spain Municipal Police as he met with supermarket owners in Port of Spain to ensure that stores, shoppers and vendors adhere to covid19 restrictions. - Marvin Hamilton THOSE who do not adapt, will die. According to co-ordinator of the Confederation of Regional Business Chambers, Jaishima Leladharsingh, businesses that are swiftly adapting are not engaging in “smartmanism” but fighting for survival. The confederation is a conglomerate of some 14 chambers of commerce that ...

The net assets of the Nigeria Sovereign Investment Authority (NSIA) have risen to N772.75 billion, an increase of 33 percent in 2020. The Authority’s assets increased by N193.21bn in 2020 higher than the N579.54bn recorded in 2019 despite the COVID-19 pandemic, it said in a statement on Tuesday. We won’t allow people denigrate Buhari — […]

Uche Orji, CEO, Nigeria Sovereign Investment Authority (NSIA) The Nigeria Sovereign Investment Authority (NSIA), yesterday, hinted that its net assets grew by N193.21billion in 2020, representing a 33 per cent increase over the N579.54 billion recorded in 2019. In its 2020 audited financial statement, the investment institution said it grew income from N36.15 billion in 2019 to N160.06 billion in 2020. NSIA attributed the performance to its investments in international capital markets, improved contributions from subsidiaries/affiliates and exchange gain from foreign currency positions. Ac...