SOVEREIGN WEALTH FUNDS: A DIFFERENT INVESTMENT PHILOSOPHY -LESSONS FOR GHANA’S MIIF?

SOVEREIGN WEALTH FUNDS: A DIFFERENT INVESTMENT PHILOSOPHY -LESSONS FOR GHANA’S MIIF?

August 21, 2026 Written by Cobby Brown The world's leading sovereign wealth funds were never designed to maximise annual accounting profits. Instead, they exist to ensure that today's natural resource revenues become tomorrow's productive capital. Professor Joseph Stiglitz, Nobel Laureate in Economics, summarised this principle succinctly: "Natural resources should be transformed into productive assets that benefit future generations." Similarly, former Governor of the Bank of England and current Prime […]

August 21, 2026 38

Business

NPA raises diesel price floor by 18%; Petrol up 9.4%

Price floors for petrol, diesel and liquefied petroleum gas (LPG) for the first pricing window of August have increased compared with the second pricing window of July, signaling continued upward pressure on fuel prices. The latest figures published by the National Petroleum Authority (NPA) and seen by Citi Business News indicate higher minimum retail thresholds for all three petroleum products. The petrol price floor has been set at GH¢14.53 per litre, up from […]

July 29, 2026 5

Business

Treasury Bill undersubscription by 23%, Interest rates are unchanged

Government Treasury bills sales were undersubscribed by 23.83 percent, totaling 2.44 billion, forthe first time in four weeks. Following four weeks of record-high investor interest, this indicates that short-term security demand has decreased. Although investors, who were primarily banks, had few opportunities to invest in the financial market, this could be explained by the sharp decline in interest rates. Some analysts think that investors' focus has shifted to Bank of […]

March 27, 2023 67