According to the Trades Union Congress (TUC), Ghana's currency, the cedi, has experienced a significant 250 percent depreciation over the past eight years. This depreciation, combined with over 25 percent ...
In the global economy, currency strength plays a pivotal role in shaping a nation’s economic trajectory. For African countries, possessing a robust currency signifies stability, attracts foreign investment, and enhances ...
Financial experts have raised their voices on the possible emergence of the BRICS currency, aimed at countering the financial hegemony of the United States dollar. According to experts, the growing ...
Australia has announced decision to remove the British monarchy from its bank notes. The nation’s central bank disclosed that its new $5 bill would feature an Indigenous design rather than ...
Ghana’s stock of Gross International Reserves declined to US$6.6 billion, equivalent to 2.9 months of import cover for goods and services in September 2022. This compares with the December 2021 ...
The Bank of Ghana (BoG) has provided clarity on an item captured in Appendix A of the Mid-Year Fiscal Policy Review document which was purported by Hon. Cassiel Ato Forson ...
Despite its vast endowment of oil, gold and cocoa, Ghana does not fully benefit from higher prices of these commodities due to retention agreements in these sectors, the Bank of ...
The Central Bank of Nigeria (CBN) is expected to keep the naira/US dollar exchange rate near the current NGN416/USD over the course of the year, according to Fitch Solutions. The ...
An Economist, Dr. Patrick Assuming, has intimated that measures by government to try tohalt the depreciation of the cedi, is short-termed. The Economist asserted that the newly outlined measures by ...
The Governor of the Bank of Ghana (BOG), Dr. Ernest Addison, has revealed that the Bank will soon phase out the country’s two smaller currency notes, the GH¢1 and GH¢2 ...
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