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Harvard University: Navigating Financial Winds Amid Presidential Dispute Everyone acknowledges that Harvard University holds a prominent position in the realm of higher education. But what happens when its financial dealings come under scrutiny from none other than a former U.S. president? Such was the case when Harvard, with considerable funds at stake, found itself at odds with President Trump. Picture this: $9 billion on the line. That's enough to make anyone's palms sweat, even those…

In a noteworthy stride towards fortifying economic ties, Qatar and Egypt have unveiled plans to collaborate on a substantial $7.5 billion investment package. This was revealed in a joint communiqué issued by the Egyptian president's office, underscoring a strategic alliance aimed at nurturing Egypt's financial landscape. Why is this significant? Egypt is currently navigating a path fraught with economic challenges, including a burgeoning foreign debt and a budget deficit that looms larger by the day. The…

A sudden twist in international economic policies. The stage set by former U.S. President Donald Trump’s administration presents African startups with a stark challenge. An unexpected financial drought beckons, as U.S. aid cuts loom over the budding entrepreneurial scene across the continent. Could it be that years of progressive strides are on the brink, teetering due to shifting political winds? How does a continent so reliant upon global harmony recalibrate when the scales of support tip? Enter DOGE Post…

Recent analysis paints a sobering picture for policy makers in Ghana. Projected reforms aimed at alleviating the financial stress on its populace and businesses are estimated to drain the nation's coffers, leading to a revenue loss somewhere between GH¢5.5 billion and GH¢7.1 billion. But what does this mean for the nation's economic blackboard? While many acknowledge potential advantages in the short term, such as tax reductions on pivotal goods and services for low-income households, Professor Boadi,…

Have you ever wondered what it takes to drive significant revenue growth in today's fast-paced financial world? At FCMB Group, the numbers speak for themselves. By the end of December 2024, the Group had recorded an impressive 53.9% increase in gross revenue, reaching a whopping N794.4 billion. This surge was largely powered by a remarkable 75.2% growth in interest income and a steady 8.7% rise in non-interest income. Even amidst the backdrop of high funding costs, net interest income grew by a solid 27.6%, bolstered by…

Ghana’s digital payments realm is a fascinating mosaic of resilience and evolution, continually adapting to the ever-changing landscape of financial technology. Despite the intermittent shuffle of regulations, this sector remains unyielding in its growth trajectory. A recent surge in the numbers paints a vivid picture of this steadfast expansion. Picture yourself in January 2025. A new year, fresh beginnings, yet the drive of the digital world roars on. Mobile money transactions scaled an impressive GH₵333…

The landscape of Ghana's public debt has shown its fair share of ups and downs, much like an ever-changing mountain range where one peak descends as another ascends. As of December 2024, a notable drop by GH¢15.8 billion in the total public debt was evident, bringing the debt stock to an imposing GH¢726.7 billion. This insight comes to us via the Bank of Ghana's March 2025 Summary of Financial and Economic Data. Reflecting on this adjustment, one might ask—what factors orchestrated this financial dance downward…

Financing energy projects is never a straightforward art. Each endeavor is a mosaic of stakeholders with varying interests. Among the financiers of the East African Crude Oil Pipeline (EACOP), we find notable names such as Standard Bank, Stanbic Bank Uganda, KCB Bank Uganda, and Saudi Arabia's Islamic Corporation for the Development of the Private Sector. One can’t help but wonder, how do so many distinct entities find common ground? "The successful closing of this first tranche represents a significant…

On an intriguing Saturday in March 2025, a thought-provoking post emerged from Dr. Forson on X, formerly known as Twitter. It wasn't just a casual tweet; it was a call to arms against the shadowy corridors of Ghana's gold smuggling scene that gnaw at the heart of the nation's economy. Imagine strolling through a marketplace, every corner brimming with the vibrant pulse of life. Now picture how that energy dims when the wealth that should fuel such vibrancy slips insidiously into the abyss of illicit trade.…

On a bustling street in the heart of Accra, where the rhythm of Ghana's vibrant culture meets the still, quiet threat of bureaucratic inefficiency, an earnest voice rose above the clamor. This voice belonged to Beauty Nartey, the President of the Ghana Anti-Corruption Coalition (GACC). She took the stage at the launch of the Strengthening the Rule of Law and Fight Against Corruption in Ghana project, bearing an unsettling truth. In her opening remarks, Nartey conveyed an unsettling statistic…