Finance
‘Please don’t leave the country’ – Mahama pleads with businesses, investor community
John Dramani Mahama, the Flagbearer of the National Democratic Congress in the 2024 elections has made a passionate appeal to businesses and the investor community in Ghana, urging them not to leave the country amidst the current economic challenges.
Ghana has become bankrupt, economy collapsed due to poor leadership – Mahama
Flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has attributed the nosedive of the local economy to the poor leadership under the Akufo-Addo led administration who have steered the affairs of the nation for about 8 years.
H…
Stop public advertisement of foreign exchange rates – BoG directs forex bureaus
To curb speculation about the cedi’s performance against major trading currencies, the Bank of Ghana (BoG) has directed forex bureaus to refrain from advertising exchange rate figures outside their premises and on social media.
To address this issue,…
COCOBOD to borrow up to $1.5 billion for 2024-25 cocoa purchases – Sources
Ghana’s cocoa regulator will borrow up to $1.5 billion by September to finance 2024/25 cocoa purchases and compensate for low output, two COCOBOD sources with knowledge of the arrangement said on Sunday.
The world’s second-largest cocoa producer afte…
Policy failures, weak fundamentals are the cause of Cedi depreciation – Prof. Bokpin
Professor of Finance at the University of Ghana Business School (UGBS), Professor Godfred A. Bokpin says the accumulation of policy failures by successive governments should be blamed for the consistent depreciation of the Ghanaian Cedi.
Speaking on …
Burkina Faso, Mali and Niger reaffirm faith in Ghana’s ports
In a significant show of confidence, economic operators from Burkina Faso, Mali, and Niger have reaffirmed their loyalty to Ghana’s ports, despite a fiercely competitive transit market in West Africa.
This commitment was reinforced during a recent co…
FULL TEXT: BoG keeps policy rate unchanged at 29% after 118th MPC meeting
Good morning, Ladies and Gentlemen of the Media and welcome to the press briefing for the 118th Monetary Policy Committee (MPC) meetings which took place last week. The Committee deliberated and assessed global and domestic macroeconomic developments …
Cedi selling at GHS15.00 to $1, GHS19.70 for £1 at major forex bureaus
The Interbank forex rates from the Bank of Ghana today, May 27, 2024, have shown that the Ghana Cedi is trading against the dollar at a buying price of 13.9480 and a selling price of 13.9620.
At a forex bureau