By Adnan Adams Mohammed The Bank of Ghana’s newly published 2025 Annual Report and Financial Statements has unveiled a historic triumph of monetary craftsmanship, positioning the nation as a …
U.S dollar
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News
Mahama talks tough; demands end to dollar dominance in African trade
by Adnan Adamsby Adnan AdamsBy Adnan Adams Mohammed President John Dramani Mahama has issued a stirring call to action for African leaders, demanding the immediate dismantling of structural financial barriers that force African nations …
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Economy and FinanceNews
Bank of Ghana targets end to dollarisation challenge in Ghana
by Adnan Adamsby Adnan AdamsGovernor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has renewed calls for stronger efforts to promote the exclusive use of the Ghana cedi in domestic transactions, describing dollarisation …
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Spot gold prices hit a record high of US$3,578.50 per ounce last week on expectations of a U.S. Federal Reserve interest rate cut later this month, while lingering global uncertainties …
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Agric and EnvironmentEconomy and FinanceNews
Dollar to hit below GHC9.0 soon as Ghana-IMF reaches Agreement for $3bn ECF
by Adnan Adamsby Adnan AdamsThis is expected to boost investors confidence in the economy as well as in create hope of shoring our foreign reserves soon.
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Agric and EnvironmentEconomy and FinanceNewsTechnology
BoG Dollar Sales: supply fall short of about 80%
by Adnan Adamsby Adnan AdamsSales of the US dollar stood at US$25 million. This translate into a percentage shortfall in supply of about 80 percent.
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Agric and EnvironmentEconomy and FinanceNewsPoliticsTechnology
Gov’t strives to tame Cedi fall as it tops Africa worst currency table
by Adnan Adamsby Adnan AdamsAccording to a Bloomberg report, the Ghana Cedi depreciated by 18.21 percent against the U.S dollar in the first quarter of 2022. This places the Cedi as the worst-performing currency …
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Agric and EnvironmentEconomy and FinanceNewsTechnology
Businesses proffer solutions to escalating dollar rate
by Adnan Adamsby Adnan Adamsthe Ghana Union of Traders (GUTA) has called on regulators of the forex market to fast-track the proposal of making the Chinese Yuan as the only trading currency when doing …
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Some commercial banks in the country are happy in the wake of the speed depreciation of the country’s fait currency, the cedi, as it increases their net foreign assets in …