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 […]
Currencies
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
From Deep Slump to Soaring Heights: The GITFiC Examines the Ghanaian Cedi’s Phoenix Moment
In just eighteen months, Ghana’s cedi reversed an 18% slide – falling from GHS 16.53 to GHS 13.47 per USD – through bold policy actions, innovative programs, and national resilience.
The Cedi gains strength against key currencies at Forex bureaus.
Ghana’s local currency, the cedi, is maintaining its upward trajectory against major trading currencies, particularly the US dollar, at various forex bureaus.
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
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