By Adnan Adams Mohammed Economic and mining experts have lauded the government’s landmark agreement to purchase 30% of gold output locally from all large-scale mining companies, describing it as …
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Business, Small BusinessEconomy and FinanceNews
‘Don’t bet against the cedi’ – BoG talks tough on currency hoarding as forex demand jumps
by Adnan Adamsby Adnan AdamsBy Adnan Adams Mohammed The Bank of Ghana (BoG) has mounted a strong defense of the local currency, issuing a stern warning to businesses, financial institutions, and the public to …
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Economy and Finance
Ghana’s Turnaround: How a GH¢15bn Central Bank Intervention Succeeded Where GH¢60bn Losses Failed To Spark Growth
by Adnan Adamsby Adnan Adams“From Survival to Expansion: Businesses Finally Breathe Again” Ghana’s economy may be teaching one of the harshest lessons in modern finance: A bigger loss does not always produce a bigger …
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Economy and FinanceNewsProfileTechnology
Striking The Balance: Dr Asiama highlights ‘expensive’ trade-offs in Ghana’s path to stability
by Adnan Adamsby Adnan AdamsBy Adnan Adams Mohammed In a candid assessment of the nation’s monetary trajectory, the Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has underscored the complex …
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Economy and Finance
Industry players upbeat as the economy turnaround …appeal for further rate cut to spur cheaper credit
by Adnan Adamsby Adnan AdamsBy Adnan Adams Mohammed As stakeholders of the Ghanaian economy are upbeat about the impressive performance with all macroeconomic indicators recording positive figures, industry players desire for more. The Association …
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Economy and Finance
Stabilise cedi to contain fuel price pressures – COMAC tells gov’t
by Adnan Adamsby Adnan AdamsThe Chamber of Oil Marketing Companies (COMAC) is asking the government to take steps to curb the cedi’s depreciation to help stabilize fuel prices at the pumps. The call comes …
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Economy and Finance
Cedi records 5.3% year-to-date depreciation against US dollar
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed Bank of Ghana data indicates that the Ghana Cedi lost 5.3% in value to the US dollar from January to March this year. As at last week, …
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Economy and FinanceNews
Cedi improves rallying on debt restructuring and IMF assessment successes
by Adnan Adamsby Adnan AdamsThe cedi appreciated by 0.09% against the US dollar over the week, closing at a mid-rate of GH¢16.19 per DOLLAR. It also saw a 0.35% gain against the pound and …
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Economy and FinanceLifestyleNews
Cedi depreciation worsens by Elorm Desewu.
by Adnan Adamsby Adnan AdamsThe Bank of Ghana, (BoG), is expecting US$200million as the second tranche of the cocoa syndicated loan as well as US$360 from the IMF to help stem the speed depreciation …
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Economy and FinanceLifestyleNewsTechnology
Forex bureau operators downplay confidents in Cedi stability
by Adnan Adamsby Adnan AdamsThis assertion is stemmed from the current downward trajectory of the Ghana cedi and the cyclical election-year trends, where governments loose control of the economy.