The Bank of Ghana issued a notice on 22 July 2026 flagging the widespread refusal of pesewa coins and GH¢1 and GH¢2 coins by traders and transport operators
The Bank of Ghana issued a notice on 22 July 2026 flagging the widespread refusal of pesewa coins and GH¢1 and GH¢2 coins by traders and transport operators
The Kenyan shilling sank to a new all-time low of 150 to the dollar on Monday, adding to the woes of people already battered by high inflation and a raft of new taxes. According to Central Bank of Kenya data, the dollar was selling at just over 150 shillings, although some commercial banks and foreign exchange bureaux have been trading it at that level or higher in recent weeks.
Taiwan defended tech giant Foxconn on Monday after China launched an investigation into several of the firm's sites, saying that Taiwanese businesses should not be subjected to "political interference". "They should not be subject to political scrutiny or political interference."
Asian markets extended last week's sell-off Monday on fears of a regional conflict in the Middle East and worries that US interest rates will remain elevated for longer than initially thought. "The main question dominating global financial markets, particularly for Asian capital markets, is whether the sell-off in US Treasuries will subside or persist," said Stephen Innes of SPI Asset Management.
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