In a public notice issued on Thursday, the central bank announced that all goods and services in Tanzania must now be priced and paid for strictly in Tanzanian Shillings.
The Ghana cedi continued its strong performance against the US dollar in the retail market yesterday February 17, 2025, after a week of mixed performance against the major foreign currencies.
Checks by GhanaWeb Business on February 4, 2025, at 8:00 AM indicate that the cedi is trading at GH¢15.90 to the dollar, while the pound is trading at GH¢19.70 at some major forex bureaus across the country.Additionally, the euro is trading at GH¢16.50 on the retail market.
In economic data, U.S. jobless claims fell to 207,000, beating estimates, while economic growth slowed to 2.3% in Q4, down from 3.1% and below expectations of 2.6%. President Trump confirmed 25% tariffs on Canadian and Mexican imports starting February 1.
The Central Bank, in its daily update, noted that the cedi is trading at a buying price of GH₵15.24 and selling at GH₵15.25.
Trump signed a flurry of executive orders within hours of taking the oath of office on Monday, pulling the United States out of the Paris Climate Accords and the World Health Organisation (WHO), and undoing many of his predecessor’s policies.
The Bank of Ghana attributed the gains to the growth in Ghana’s external sector.
