Expensive loans driving up Africa’s debt servicing costs – Ato Forson
Finance Minister, Dr. Cassiel Ato Forson, has raised alarm over the elevated risk premiums imposed on African debt, warning that […]
Currencies
GUTA urges calm as cedi weakens past GH¢11 to dollar
The Ghana cedi slipped past the GH¢11 mark against the US dollar on the interbank market, a development market watchers
COCOBOD expecting over $4bn in inflows before end of year, says BoG Governor
Bank of Ghana Governor, Dr. Johnson Asiama, has revealed that COCOBOD is expecting over $4 billion in inflows before the
Iran: Europeans prepare sanctions as currency falls
France, Germany and the United Kingdom started a process Thursday to reimpose sanctions on Iran. The mechanism, termed “snapback” by
Forex compliance: Importers, exporters to adopt credit cards for overseas trade
The Importers and Exporters Association of Ghana is advising its members who plan to travel abroad to load funds onto
BoG directs mining firms to redirect FX inflows to commercial banks
The Bank of Ghana (BoG) has directed mining firms to channel their foreign exchange inflows through commercial banks, rather than
BoG to strictly enforce foreign currency transfers; warns travellers against carrying more than $10,000
The Bank of Ghana has announced an amendment to the guidelines on importation and exportation of foreign currency from the
Government steps up gold sector reforms ahead of anti-money laundering review
The Government of Ghana has pledged to intensify reforms in the gold sector as it prepares for a crucial international
Kenya seeks China’s approval to convert dollar loan to yuan
Nairobi specifically wants to reprofile the $5bn loan that Beijing underwrote for the construction of the east African country’s modern
Zuma urges Africa to adopt single currency for economic independence
Former South African President Jacob Zuma has called on African nations to pursue a unified currency to strengthen intra-continental trade