Ghana's captains of industry expects hike in interest rates

Ghana's captains of industry expects hike in interest rates

Ghana's captains of industry expect interest rate to continue to increase in 2016 and 2017, according to Deloitte Chief Financial Officers (CFO) Survey report.

‘66% of Ghanaian respondents expect the interest rate to increase in 2016. While the 2017 elections in Ghana may be the cause of some anxiety for CFOs, 50% of them expect the interest rate to remain the same in 2017’, the report stated.

Fuel shortage hits Nigeria

Nigeria has been hit with fuel shortage for almost three days now, causing long queues outside petrol stations.

Fuel shortage in Nigeria is a yearly occurrence. Pulse.com.ng describes it was “annual visitor.”

Many Nigerians travelling to work have been left stranded either at fuel stations or due to shortage of commercial buses because they do not have fuel.

We go to the currency market now where

Currency                      Buying                         Selling

Dollar                            3.82                             4.12

Pound Sterling             5.41                              5.71

Euro                             4.35                            4.65

On how your stocks performed on the GSE Index today

There were no losers for the day, however, ECOBANK GHANA LTD gained 1p to close at 6.99p