Ghana's decision to turn to the International Monetary Fund (IMF) for bail out will fail, according to a US economics professor, Steve Hanke of John Hopkins.
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Akufo-Addo's promise to revive Ghana’s economy will never happen – Prof Hanke
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The IMF says Ghana's economic crisis is not a result of bad policies by the NPP government. According to the MD of the fund, external factors are to be blamed.
Afrexim's $750m loan works magic as cedi goes up marginally against dollar
The cedi has started the last quarter of 2022 on a high note as it appreciates marginally against the dollar at forex bureaus monitored by YEN.com.gh on Sept 1.
World Bank Economist wades in on why cedi, other currencies are falling against the dollar
A World Bank economist has detailed reasons why the cedi and other emerging market currencies are seeing a sharp fall against the US dollar in recent times.
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Ghana receives $750m to boost cedi's performance against the dollar
BoG has received $750 million from the African Export-Import Bank (Afreximbank), as a scarcity of the American green buck in Ghana puts pressure on the cedi.
How a currency board operates: Prof Hanke's suggestion to close down BoG explained
Prof Hanke has been nudging Ghana to consider mothballing the BoG for a currency Board. YEN.com.gh breaks down how the board operates and if it's the solution.
E-levy revenue looks bad: Finance Ministry data shows only 6% of June target was raised
Despite high hopes that the E-Levy would improve revenue for Ghana’s struggling economy, the controversial tax has raked in only 6% of second quarter targets.
Economist gives thumbs up to move to inject $2bn to improve cedi’s performance
An Economist has said the upcoming injection of $2 billion into the economy should balance the demand and supply of dollars and hold the cedi depreciation.
Businesses shutting down over cedi fall but Akufo-Addo is not learning – Prof Hanke
Professor Steve Hanke has criticised Akufo-Addo for failing to temporarily stop Bank of Ghana from determining the cedi's value against major trading currencies
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Increase our wages or we strike – Fufu pounders threaten to lay down pestles
Fufu pounders in Ghana have threatened to embark on an indefinite strike. According to them, their low wages are inadequate to help keep body and soul together.
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