PwC Ghana has projected that the cedi will maintain broad stability over the medium term, despite a recent bout of depreciation that has weighed on the cedi.
PwC Ghana has projected that the cedi will maintain broad stability over the medium term, despite a recent bout of depreciation that has weighed on the cedi.
Amazon founder Jeff Bezos took back his spot as the world's richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index. Bezos, who no longer runs Amazon, has meanwhile benefited from the ecommerce giant's rising stock price.
A top Vietnamese property tycoon went on trial Tuesday along with dozens of others, accused of embezzling $12.5 billion in the country's biggest ever fraud case. Other top business leaders targeted in the anti-corruption drive -- and accused of massive fraud -- include Truong Quy Thanh, the head of soft drink giant Tan Hiep Phat Group.
Asian markets largely fell on Tuesday after China set a five percent annual growth target and Wall Street shares dropped ahead of the release of key US economic indicators. In China on Tuesday, leaders set a 2024 growth target of five percent, in line with last year's GDP gains but well off the double-digit expansion that for years drove the world's second-largest economy.
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