Browsing Tag

standing

Ghanaian Cedi Struggles in its Standing as Africa’s Top Currency

In the fluctuating realm of currency exchange, the recent developments concerning the Ghanaian cedi have certainly caught the attention of many. The Bank of Ghana's official exchange rates have taken a troubling turn, effectively wiping out the modest gains that were achieved earlier this month. As the cedi continues its struggle against the dollar, one has to wonder: what are the underlying factors feeding this disheartening trend? This reversal comes after several weeks of cautious optimism buoyed by central bank…

Eklavya Asset Managers SolisMarkets Clears Regulatory Assessment for Good Standing

Understanding the FSCA Investigation Process In November 2024, the Financial Sector Conduct Authority (FSCA) initiated an investigation into Eklavya Asset Managers and its trading platform, SolisMarkets. This inquiry emerged amidst client concerns primarily related to difficulties with investment withdrawals. Initially, the FSCA indicated potential issues with SolisMarkets possibly operating without proper licensing. However, they soon clarified that the investigation was still in its early stages and no conclusions had…

Who are the four candidates standing for Ivory Coast’s presidential election?

Ivory Coast Constitutional Court ruled last week that only four out of 44 presidential hopefuls would be allowed to run in the country's presidential election. Because they face criminal convictions, former President Laurent Gbagbo and former rebel leader Guillaume Soro, both giants of Ivorian politics, were among those prevented from running. Most of the others whose candidates were deemed invalid had failed to garner sufficient public support - a new electoral reform required candidates to request signatures from at…

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