Tag: Foreign exchange

The demand for United States Dollars (USD) ebbed marginally at the recent bi-weekly forward forex auction held by the Bank of Ghana, recording the lowest bid turnout since the start ...

The Bank of Ghana has intimated that the number of bids submitted at the recent forex sales declined to 110 bids worth US$98.15 million compared to 137 bids worth US$129.5 million recorded at the ...

The Bank of Ghana has accepted 60 bids out of the 137 bids submitted by banks at the latest multiple-price foreign exchange forward auctions held. This is higher compared to last time’s forex ...

The increase in the number of bids submitted at the first multiple-price foreign exchange forward auctions held in the year 2021 suggest a rise in the demand for forex even ...

The Bank of Ghana has proposed a total target amount of US$ 775 million for the multiple-price foreign exchange forward auctions to be held for the year 2021. According to ...

Dr. Ernest Addison, the Governor of the Bank of Ghana, has predicted a stable cedi going forward in 2021 as measures have been put in place to strengthen the Ghanaian currency. The Ghana cedi weakened slightly edging down to 5.76 against the United States dollar to ...

Nigeria’s gross domestic product (GDP) has been projected to make a total recovery equivalent to its 2019 level of GDP only by 2023. The country is expected to make a ...