GSE delists Sam-Woode Limited

In Money and Empire, Perry Mehrling of Boston University recounts the remarkable moment, in 1965, when Congress summoned international monetary economist and historian Charles P. Kindleberger from MIT to testify on the troubling US balance-of-payments de cit.

After World War II, the United States had persistently exported more than it imported. But by 1965, the reverse was true: West German goods were ooding the US domestic market, and Japanese imports were soon to follow.

With dollars owing overseas as payment for these imports, many had begun to ask if it was time to reform the post-war Bretton

Woods international monetary system, which had pegged the US dollar directly to gold and tied other currencies more exibly to the dollar.

Kindleberger’s answer was no: US trade could be nanced, and the dominant international status of the US dollar secured, he argued, by an alliance of central banks led by the US Federal Reserve. “Many of my colleagues are terri ed at the thought of collaboration of central bankers superseding [national] economic sovereignty and so on,” he observed. But central bankers “are technicians,” he said, “and this is the kind of problem they can

Ghana Stock Exchange (GSE) has delisted Sam-Woode Limited (SWL) from the Main Equity Market of the Exchange, due to company’s cessation of operations. The company will be taken o the O cial List at the end of trading April 14, 2023.

A release from GSE said this decision is based on Rule 13(1) of the GSE’s Listing Rules which provides that “the Council may at any time and in circumstances as it thinks t, suspend or cancel a listing and shall do so to protect investors and to ensure an orderly market”.

Among the reasons for which the Council may delist a company is where the company has ceased to be an operating company, as provided under Rule 13(4)(a) of GSE’s Listing Rules.

In September 2020, SWL informed the Exchange of its intention to delist from the Exchange and re-

By Eugene Davis