Bank of Ghana
Bright Simons, Prof Bokpin and Mr Darkwa believe the rapid rise of the Ghana cedi against the dollar is artificial and have warned against early celebration.
The Bank of Ghana has cited 3 reasons for the cedi’s impressive appreciation against the United States dollar and other trading currencies in recent times.
Finance minister Ken Ofori-Atta and Dr Mahamudu Bawumia have been lauded for major appreciation of the Ghana cedi against the US dollar in the recent times.
The legal tussle between former CEO of now defunct Capital Bank, Ato Essien, and the state has come to end as he pleads guilty to charges brought by the state.
Social media has been inundated with short, amateur videos of thick smoke billowing from the Bank of Ghana headquarters in Accra. Details are scanty so far.
The cedi has approciated against the US dollar following the domestic debt exchange announcement by finance minister Ken Ofori-Atta. It's gained some 4% so far.
The central bank of Ghana has announced upgrades to the GH¢1 coin with enhanced security features. The new coins will go into circulation from December 12, 2022
Bawumia has announced plans by the government to pay for imported petrol and diesel with gold instead of dollars. But experts say that will not save the cedi.
Some good news for Ghanaians as Fitch Solutions has predicted that the worsening inflation currently being experienced will in the country will end in 2023.
Bank of Ghana
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