Bank of Ghana has released the names of authorised foreign exchange brokers in Ghana. In a press statement, the Bank of Ghana revealed that brokers who want to operate in Ghana’s forex market are required to obtain prior approval from the Bank of Ghana at the beginning of every calendar year. As of 1st January, … Read more
The Deputy Communications Director of the New Patriotic Party (NPP), Rabi Salifu, has accused the opposition National Democratic Congress (NDC) of having a hand in the free fall of the country’s currency. According to her, the NDC hired some influencers on TikTok to raise false alarm about the strength of the cedi. “The NDC went … Read more
It’s quite unfortunate that for the past few months, the cedi has depreciated drastically against major international foreign currencies such as the dollar, pounds and the euros. News coming in indicates that the Ghana cedi has once again strengthened in value against the dollar few days after the government launched the Debt Exchange Programme. The … Read more
The Minister of Finance, Ken Ofori-Atta has urged Ghanaians not to panic or put further pressure on the cedi, as the cedi continued its rapid slide against the US dollar in October. “Don’t panic” – Ken Ofori-Atta reacts to cedi depreciation Thursday’s depreciation (as much as 9.5 per cent against the US dollar), the biggest … Read more