By Kwesi Amoafo -Yeboah We have long been taught that the greatest force in finance is compounding. I think we may have mistaken the effect for the cause. Compounding is not the fundamental force. Continuity is. When most people hear the word compounding, they think about money. Compound interest. Investment returns. Long-term wealth. Finance has made compounding famous, but it…
Colombia announced the change of its position on the Sahara issue and affirmed its recognition of the Kingdom of Morocco's sovereignty over its Southern Provinces. This new position was announced on Friday during the meeting held between the Minister of Foreign Affairs, African Cooperation, and Moroccan Expatriates, and the Vice-President of the Republic of Colombia, José Manuel Restrepo, attended by…
A finance director in Accra still remembers a loss that should never have happened. Let's say the business earned in cedis but imported in dollars, the setup of most businesses in Ghana that borrow or trade in hard currency. Essentially, his team saw the risk, discussed it, and waited for a better rate. When the cedi moved, the margins that…
