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Then from the second quarter, it will be slashed by half till the end of the year. What this essentially means is that US$300million will be injected into the economy in the first quarter alone to shore-up the cedi.

BoG to pump US$775 million into economy to arrest Cedi depreciation

The central bank of Ghana is expected to inject a whopping US$775million through its FX forward auction programme as part of efforts to stabilize the economy and hold the Cedi from depreciation throughout the year. According to reports from the Bank of Ghana, US$50million of the US$775million wil

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The note made it clear there would be financial consequences for legislators who had voted against certifying the 2020 election results.

Big Companies Try To Distance Themselves From Trump—While Still Paying Him Millions In Rent

After Donald Trump’s supporters stormed the U.S. Capitol last week, Bank of America sent a memo to employees who had donated to the company’s political action committee. The note made it clear there would be financial consequences for legislators who had voted against certifying the 2020 electio...

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The latest move marks the third about-turn, amid confusion over rules set by the Trump administration and escalating tensions within Washington on China policy.

NYSE to delist three Chinese telecom firms, reversing course again

The New York Stock Exchange said on Wednesday it will delist three Chinese telecom companies from Jan. 11, in another U-turn a day after U.S. Treasury Secretary Steve Mnuchin told the NYSE chief he disagreed with its earlier decision to reverse the delistings. The latest move marks the third about-

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