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Payments company Wise suspends cedi transfers amid rapid appreciation
Bank of Ghana
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Experts forecast worse times for cedi despite ‘magical’ appreciation against dollar
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Ato Essien pleads guilty to charges; to be convicted on his own plea
Cedi flexes muscles; Appreciates against USD after debt exchange announcement
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.
BoG changes features on GH¢1 coin; new coin starts circulation from Monday Dec 12
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
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Ghana to use gold to buy petroleum products but experts criticise move as flawed
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.
Continuous increase in prices of goods on the market to end in 2023 – Fitch
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.
Breaking
BoG ends forex support for imports of rice, toothpick and other non-critical goods
Bank of Ghana has stopped providing foreign exchange support for non-critical goods to stop the depreciation of the cedi against the dollar and pound sterling.
IEA economist backs Prof Hanke’s currency board proposal to save falling cedi
Prof Hanke's proposal for Ghana to set up currency board has gotten the support of Dr John Kwakye of the IEA. He said Prof Hanke's proposal is worth considering
Bank of Ghana sends strong warning to Quickloan defaulters
The Bank of Ghana is warning all the defaulters of mobile money loan like Quickloan to pay up before their credit information gets into a national database.
Over GH¢400m of investors’ funds reportedly locked up at the NTHC
National Trust Holding Company an investment banking firm is reportedly facing a financial meltdown as over GH¢400 million in investors’ funds get locked up.
Cedi fall getting worse as $1 approaches GH¢11 at forex bureaus
The cedi’s fall seems to be getting worse at both forex and interbank. New rates show further depreciation against the dollar and other major trading currencies
Bank of Ghana
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