Cedi Faces Continued Volatility Amid Election Uncertainty, Trading at GHS17.20 per Dollar
Market analysts are forecasting continued volatility for the cedi, which has now surpassed GHS 17 to the US dollar amid […]
Currencies
IMF and Ghana Reach Staff-Level Agreement for $360M Fourth Tranche
The International Monetary Fund (IMF) and Ghana have reached a staff-level agreement on the third review of Ghana’s $3 billion
Fraudulent bank staff activities on the rise- BoG Report
The year 2023 saw an increase in staff involvement in fraudulent activities recorded in Banks and Specialized Deposit-Taking Institutions (SDIs)
Banks Reintroduce Fees of Up to $20 on Foreign Currency Accounts
Some commercial banks have started reintroducing charges on foreign exchange accounts after previously suspending these fees due to regulatory pressure.
Cedi Surpasses GH¢16 Per Dollar in Retail Market
The Ghanaian Cedi has crossed the GH¢16 mark against the US Dollar on the currency retail market. A survey conducted
Bawumia Proposes Tying Cedi to Gold for Long-Term Stability
Vice President Dr. Mahamudu Bawumia has revealed plans to anchor the Cedi’s value to gold, aiming to stabilize the local
Price Stability to Persist as ZiG Reserves Surge to US$370 Million
Prices of goods and services in Zimbabwe are expected to remain stable due to an increase in cash and mineral
Foreign Currency Loans Account for 94% of Nigeria’s Capital Importation in Q1 2024
Debt instruments dominated capital importation into Nigeria in the first quarter of 2024, comprising 94% of the total inflows. Data
President Akufo-Addo Advocates for Pan-African Mobile Interoperability” #2
President Nana Addo Dankwa Akufo-Addo used his last African Union (AU) Summit to launch a passionate appeal to his colleague
President Akufo-Addo Advocates for Pan-African Mobile Interoperability” #3
President Nana Addo Dankwa Akufo-Addo used his last African Union (AU) Summit to launch a passionate appeal to his colleague