Home | Goldstreet Business
Monday, January 18, 2021
  • Home
  • General News
    • Extractives
    • Auto
  • Business
    • Banking and Finance
    • AgriBusiness
    • Insurance
    • Mining
    • Oil and Gas
    • Real Estate/Housing
  • News
    • Top Stories
    • Agriculture
    • Maritime/Aviation
    • Energy
    • Education
    • Construction
  • Technology
    • ICT
    • Telecom
  • World
    • Africa
    • International
  • Editorial/Features
  • GSB Data Services
No Result
View All Result
  • Home
  • General News
    • Extractives
    • Auto
  • Business
    • Banking and Finance
    • AgriBusiness
    • Insurance
    • Mining
    • Oil and Gas
    • Real Estate/Housing
  • News
    • Top Stories
    • Agriculture
    • Maritime/Aviation
    • Energy
    • Education
    • Construction
  • Technology
    • ICT
    • Telecom
  • World
    • Africa
    • International
  • Editorial/Features
  • GSB Data Services
No Result
View All Result
Gold Business Logo
No Result
View All Result

Business activities wind down

December 21, 2018
in Uncategorized
0
Share on FacebookShare on Twitter

…as end of year festivities begin

As the final working week before the Yuletide and end of year festivities comes to an end, economic activities in urban Ghana are discernably slowing down.

RELATED POSTS

Debt level worrying, debt to GDP to hit 80% in 2021 – Moody’s

New Board for Institute of Directors-Ghana

Although there is heavy traffic in most urban centres around the country this is mainly the result of intensified retail shopping as consumerism reaches its customary annual peak immediately ahead of the end of year holiday season. 

Indeed, many enterprises are closing down altogether this weekend and will not reopen their doors to the public until after New Year’s Day.

Business to business transactions in particular, outside of wholesale consumer good sales, are being put on hold over the next two weeks or so.

While the financial markets will remain open during the festivities season, with the exception of the public holidays on December 25 and 26, and on January 1, 2019, financial portfolio trading volumes are already thinning out in line with the subdued levels of formal business activity.

However, there are some notable exceptions to the general trend. For instance, activities in Ghana’s extractive industries are going on unabated.

Both the production of oil and gas, as well as gold extraction will continue through the festivities season without missing a beat.

The financial services industry will remain open to customers as well. But while some financial institutions will only keep front office activities running at full strength, others – particularly the banks who are still engaged in a race against time to comply with the new minimum capital requirements set by the Bank of Ghana – will be even busier in their back offices as they seek to hammer out crucial deals ahead of the December 31 deadline set by the central bank.

Also accounts offices across corporate Ghana will be busy too, finalizing management accounts ahead of the December 31 financial year end, after which they will be submitted to external auditors.

But it is the commerce, leisure and recreation sectors that will be the busiest over the next two weeks, catering for retail shoppers and for holiday-makers respectively.

This will be of little consequence for interest rates and equity prices but customarily, the cedi tends to depreciate a notch during the end of year festivities because of the inevitable spike in demand for and the supply of imported consumer items.

Corporate Ghana in general will be back to full operations by the end of the first week of 2019.

By Toma Imirhe

60

SHARES
facebook Share on Facebook
Twitter Tweet
Follow Follow us
custom Share
custom Share
custom Share
custom Share
custom Share
ShareTweetShare

Related Posts

Debt level worrying, debt to GDP to hit 80% in 2021 – Moody’s

Debt level worrying, debt to GDP to hit 80% in 2021 – Moody’s

January 18, 2021
New Board for Institute of Directors-Ghana

New Board for Institute of Directors-Ghana

January 18, 2021
Are there Signs of the Sudan Oil Industry Recovering?

Are there Signs of the Sudan Oil Industry Recovering?

January 18, 2021
Telegram Reaches 500 Million User Milestone

Telegram Reaches 500 Million User Milestone

January 18, 2021
Samsung Unveils the Galaxy S21, S21+ and S21 Ultra

Samsung Unveils the Galaxy S21, S21+ and S21 Ultra

January 18, 2021
Next Post

Producer Inflation dips to 6.5 % in November

Ghana starts implementation of open skies policy

Archives

<
January 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
▼
>
MonTueWedThuFriSatSun
    123
45678910
11121314151617
18192021222324
25262728293031
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       
 123456
78910111213
14151617181920
21222324252627
282930    
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
  12345
6789101112
13141516171819
20212223242526
27282930   
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
     12
3456789
10111213141516
17181920212223
242526272829 
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
     12
3456789
10111213141516
17181920212223
24252627282930
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
    123
45678910
11121314151617
18192021222324
25262728   
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
   1234
567891011
12131415161718
19202122232425
2627282930  
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
     12
3456789
10111213141516
17181920212223
24252627282930
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       

RECOMMENDED

Debt level worrying, debt to GDP to hit 80% in 2021 – Moody’s

Debt level worrying, debt to GDP to hit 80% in 2021 – Moody’s

January 18, 2021
New Board for Institute of Directors-Ghana

New Board for Institute of Directors-Ghana

January 18, 2021

MOST VIEWED

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Energy
  • Health
  • Auto
  • International
  • Subscription Form
  • Staff Webmail
  • About Us
  • Contact Us
Call us: +233 24 432 0902 | info@goldstreetbusiness.com

© Copyright © 2020 goldstreetbusiness.com. All Rights Reserved.

No Result
View All Result
  • Homepages
    • Homepage Layout 1
    • Homepage Layout 2
  • World
  • Business
  • Technology
  • Health

© Copyright © 2020 goldstreetbusiness.com. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.