EconomyMagazineGhana faces challenges as Mahama takes officeIFM CorrespondentJanuary 13, 2025January 16, 2025 by IFM CorrespondentJanuary 13, 2025January 16, 2025 Ghana recently completed a three-step, domestic, bilateral, and commercial, debt restructuring process, which began in December 2022... Read more
CommodityFeaturedGold poised for weekly gain ahead of potential US Federal Reserve rate cutIFM CorrespondentDecember 18, 2024December 18, 2024 by IFM CorrespondentDecember 18, 2024December 18, 2024 The spot price of gold decreased by 0.4% to USD 2,671.39 per ounce, as the US dollar neared its highest point in over two weeks... Read more
EconomyFeaturedGhana’s economy surges 6.9% in Q2 2024, fastest in five yearsWebAdminSeptember 25, 2024 by WebAdminSeptember 25, 2024 The mining and quarrying industry drove the 9.3% growth in Ghana's overall industry sector, while the 23.6% growth in the gold sector during the quarter marked the third consecutive period of expansion... Read more
Banking and FinanceMagazineHow did money come into being?IFM CorrespondentSeptember 18, 2024September 19, 2024 by IFM CorrespondentSeptember 18, 2024September 19, 2024 The spread of money throughout the Mediterranean didn’t mean that it was universally used... Read more
CurrencyFeaturedIF Insights: Crypto’s fate hinges on US electoral outcomeIFM CorrespondentAugust 1, 2024 by IFM CorrespondentAugust 1, 2024 Donald Trump said that he would like to see expanded bitcoin mining by American firms, even though he called cryptocurrency a 'scam' in 2021... Read more
CommodityFeaturedDespite a weak Dollar, gold prices inch higher with US economic data in focusIFM CorrespondentJuly 31, 2024 by IFM CorrespondentJuly 31, 2024 Gold looks quite comfortable around $2,400 for now, so there is the chance of a minor bounce heading into GDP... Read more
CommodityFeaturedGold ETFs lost USD 6.7 billion in H1 2024, worst in more than ten yearsIFM CorrespondentJuly 18, 2024 by IFM CorrespondentJuly 18, 2024 The aggregate holdings of gold ETFs increased further, and their total assets under management stayed steady at USD 233 billion... Read more
CommodityFeaturedVietnam to allow companies to import gold for first time in yearsIFM CorrespondentJune 19, 2024 by IFM CorrespondentJune 19, 2024 According to VGTA, Vietnam's gold demand is expected to soar this year, so premiums on domestic prices must be immediately reduced... Read more
CommodityFeaturedIF Insights: Making sense out of latest ‘Gold Rush’IFM CorrespondentApril 11, 2024 by IFM CorrespondentApril 11, 2024 The prognosis for gold is improving with expectations that the United States Federal Reserve would start lowering interest rates in 2024... Read more
CommodityFeaturedWhy did Gold prices hit a new record high?IFM CorrespondentMarch 20, 2024 by IFM CorrespondentMarch 20, 2024 In periods of economic uncertainty, investors typically view gold as a safe haven... Read more