Economics and Business
Cedi lost 14.47% value to dollar last week
October 25, 2022
Cedi lost 14.47% value to dollar last week
The Ghana cedi lost 14.47% in value to the dollar last week (October 17 to October 21, 2022), the worst…
Interest rates hit 33%; government misses T-bills sale by 16%
October 24, 2022
Interest rates hit 33%; government misses T-bills sale by 16%
Interest rates inched up to 33% to reflect surging inflation and the rapid depreciation of the cedi. The increase in…
Cabinet, EMT, banks and forex bureaus to meet over depreciating cedi – Oppong Nkrumah
October 24, 2022
Cabinet, EMT, banks and forex bureaus to meet over depreciating cedi – Oppong Nkrumah
The government has announced plans it says will help end the continuous depreciation of the Ghana cedi. Information Minister, Kojo…
IMF, World Bank pledge to conduct thorough update of Ghana’s debt situation
October 24, 2022
IMF, World Bank pledge to conduct thorough update of Ghana’s debt situation
The International Monetary Fund and the World Bank have pledged to conduct a thorough update of Ghana’s current debt situation…
Sam Jonah advises Akufo-Addo on handling economic challenges
October 24, 2022
Sam Jonah advises Akufo-Addo on handling economic challenges
Ghanaian businessman and chancellor of the University of Cape Coast, Sam Jonah, has advised President Akufo-Addo to begin solving Ghana’s…
Debt restructuring to weaken cedi; BoG partly to blame for cedi woes – JP Morgan
October 24, 2022
Debt restructuring to weaken cedi; BoG partly to blame for cedi woes – JP Morgan
Global leader in financial services and US firm, JP Morgan has warned that the probable debt restructuring of Ghana’s debt…
Cedi-Dollar ratio: There is cartel behind black market operations, let’s tackle them – GUTA Boss
October 21, 2022
Cedi-Dollar ratio: There is cartel behind black market operations, let’s tackle them – GUTA Boss
President of the Ghana Union of Traders Association (GUTA) Dr Joseph Obeng has indicated that there is a powerful association behind black…
Cedi depreciates further to ¢14.70 to a dollar
October 21, 2022
Cedi depreciates further to ¢14.70 to a dollar
The Ghana cedi lost further grounds this morning to trade at ¢14.70 to the dollar, quotations from the forex bureaus…
¢14.50 equals $1 as cedi depreciation continues
October 21, 2022
¢14.50 equals $1 as cedi depreciation continues
The Ghana cedi continued its free fall, losing value twice within a day to sell at ¢14.50 to one US…
Ghana should have signed up for Debt Service Suspension Initiative – World Bank President
October 20, 2022
Ghana should have signed up for Debt Service Suspension Initiative – World Bank President
The World Bank Group President, David Malpass, has expressed disappointment over Ghana and Nigeria’s decision not to sign up for…