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 […]
Currencies
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
GHANA’S CEDI ROARS BACK: GITFIC PROJECTS 29% APPRECIATION IN 2025
In a dramatic turnaround, the Ghanaian cedi is set to solidify its comeback against the U.S. dollar, with the Ghana International Trade and Finance Conference (GITFiC) forecasting an average exchange rate of just 10.02 GHS per USD for 2025—an impressive 28.94% improvement on 2024’s average of 14.10 GHS/USD.
BoG to Celebrate 60 Years of the Cedi as Ghana’s Official Currency
The Bank of Ghana (BoG) has announced plans to mark 60 years since the Cedi became Ghana’s official currency, with