Bank of Ghana
Zenith Bank has ceased operations from the Securities industry and Capital Markets. SEC said the top-tier bank voluntarily withdrew operations from the markets.
Traders say they fear the depreciation of the cedi over the past 3 weeks will continue until the end of January. They blame the cedi fall on dollar repatriation
Bank of Ghana (BOG) has assured that the country has enough gold reserves to sustain the gold-for-oil policy. BoG insists that it has a sufficient quantity.
Data shows it's still looking very grim for the Ghana cedi as the local currency maintains its downward spiral against the US dollar on Monday, January 16, 2023
The cedi has been falling steadily against the dollar over the last couple of weeks, prompting public concerns that the local currency's woes have resumed.
The cedi has depreciated marginally on the interbank market in January, 3, 2023, dropping by 20 pesewas against the U.S dollar according to available figures.
Bright Simons has identified some problems with the debt restructuring programme announced by government and also what finance ministry must to fix the flaws.
D Bawumia has disclosed that Ghana has secured a deal for the start of novel gold-for-oil barter. First batch of oil under the deal will arrive in January 2023.
The Ghana cedi seems to be depreciating again against the US dollar on Wednesday, December 21, 2022, triggering concerns from market watchers and general public
Bank of Ghana
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