Money
Cedi continues to depreciate slowly as a dollar trades at GH¢16.35 despite reduced demand
Although demand pressure on the Ghana cedi has eased, the local currency continued to depreciate marginally and is currently trading at GH¢16.35 to the dollar.
Ghana banks begin charging up to $20 as fees on forex accounts
Some commercial banks in Ghana have begun reintroducing charges on foreign exchange accounts after they suspended these fees under regulatory pressure.
Cedi hits GH¢16 to a dollar on retail market, depreciates 24.5% since January
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.
Ghana government rakes in GH¢810m from controversial e-levy in first half of 2024
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.
Good news for Akufo-Addo government as Ghana cedi predicted to have stable end to 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.
“We are just praying”: Forex Bureaus lament new Ghana Card directive for transactions
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.
LemFi Expands Its International Payment Services To Brazil And Mexico
LemFi launches Latin America services from the US, UK & Canada, offering the best exchange rates, zero transaction fees and within minutes transactions.
Africa’s Top 20 Billionaires: Exploring Net Worth And Luxurious Journeys Of Continent’s Wealthiest
Africa’s top billionaires have built their wealth through innovation, grit, and bold business moves, transforming their respective industries. See the top 20 here.
Ofori-Atta says ECOWAS should focus on trade harmonisation rather than single currency
Former Minister of Finance Ken Ofori-Atta has urged the Economic Community of West African States to pursue trade harmonisation rather than a single currency.
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