Bloomberg Ghana’s stocks are the worst-performers globally in the first quarter after a sell-off by foreign investors hobbled the local currency and demand from local institutional investors dried up. The Ghana Stock Exchange Composite Index has lost more than 14 percent this year, making it the laggard in dollar terms among 94 global equities benchmarks tracked by Bloomberg. The index ...

Bloomberg The European Central Bank would need a clear monetary-policy reason to consider acting to mitigate the effects of negative interest rates on banks, Governing Council member Klaas Knot was quoted as saying. “There must at least be some evidence that negative rates are disrupting the impact of monetary policy through their effect on bank profitability,” Knot, who is the ...

Bloomberg The defeat of Theresa May’s stripped-down divorce agreement with the EU means a softer and longer Brexit process is now more likely, according to Goldman Sachs. While there’s still time for London and Brussels to renegotiate the exit deal before the next “cliff-edge” on April 12, the timing of the ratification of a modified pact are now skewed towards ...