2601 articles published since 30 Jun 2023
The Ghana cedi has reached an average of GH¢16 to a dollar on the retail market, according to Joy News, sparking some fears of higher-than expected depreciation.
The government raised GH¢810.5 million in revenue from the controversial 1.0 percent Electronic Transactions Levy (E-levy) during the first half of 2024.
The worst may be over for Ghana’s cedi, with analysts expecting it to only weaken modestly between now and elections following steep falls earlier in the year.
The Association of Forex Bureaus says business has slowed down in recent times after the directive to operators to check the Ghana Card before transactions.
Mobile money agents will see increased commissions on large transactions from March 1, 2024. The maximum commissions have been raised to GH¢8 from GH¢4.
Effective March 1, 2024, customers with a minimum account, which initially had a limit of GH¢2,000, have been upgraded to GH¢3,000 for daily transaction limits.
Electronic Money Issuers across the country have until the end of Wednesday, January 31, 2024, to collaborate with agents to link their accounts with the Ghana Card.
The government wants to borrow GH¢12.7 billion in treasury bills in January 2024 to finance maturing bills after already raising GH¢3.223 billion.
The Ghana cedi is expected to lose about 8.4% of its value to the US dollar in the retail market in 2024 and improved from 2-23, according to IC Research.
Delali Adogla-Bessa
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