The BoG has the exchange rates, and Aboki has the dollar. The Bank of Ghana has since 31st October started a daily publication of the exchange rates for inter Bank transfers but the question is do they have the needed dollars to sell at that rate? The BoG may be smart by coming out with … Read more
As of November 7, 2022, the Ghana Cedi can be bought for 13.0012 dollars and sold for 13.0142 dollars, according to the Interbank forex rates from the Bank of Ghana. This is compared to Friday when the price to buy was 13.0017 and the price to sell was 13.0147. At a foreign exchange office in … Read more
According to newly gathered evidence, the Bank of Ghana has denied reports that it is actively assisting certain operators at Cowlane in Accra to unlawfully move monies overseas In a statement published on Tuesday, November 1, the Central Bank said that the accusation made by Dr. Kwabena Nyarko Otoo, Director of Research at the Trades … Read more
According to reports, the Bank of Ghana got the $790 million Cocoa Syndicated loan on October 29, 2022. According to a story on myjoyonline.com, the cedi equivalent would be handed to cocoa growers to buy cocoa beans. Ghana has recently had to depend on foreign currency reserves to shore up its reserves in order to … Read more
Many media assumptions about the country’s economic difficulties are false. A few hours earlier, dollar account holders were seen. The Bank of Ghana has denied claims that the government may ban Foreign Exchange Accounts (FEA) and Foreign Currency Accounts (FCA). On October 27, the banking sector regulator tweeted that the claims were bogus and asked … Read more