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Economy
Fraud costs banking industry US$67bn annually
The boom in digital payment platforms and digital banking systems have come with its own risks and cost to the financial industry.…
Government disappointed with S&P downgrade, addressing economic…
The government has expressed disappointment with the downgrade of Ghana’s foreign and local currency from ‘B-/B’ To ‘CCC+/C’ with…
Arrest falling confidence — Seth Terkper advises govt
A former Minister of Finance, Seth Terkper, has called on his successor, Ken Ofori-Atta, to address the nation through Parliament…
BoG adds US$42m worth of local gold to reserves — First in 60 years
THE Bank of Ghana (BoG) has resumed the accumulation of gold reserves after exiting the business more than 60 years ago.
The…
Depreciation of the Cedi shows lack of confidence in economy – Mahama
Former President John Dramani Mahama says the steep depreciation of the Ghana Cedi in recent days clearly shows that the mid-year…
Rising external debt sparks foreign currency demand, cedi depreciation
Auditing and management firm, Deloitte Ghana is warning that the country’s rising external debt will lead to increased demand for…
Finance Minister revises IMF financial package under programme to $3…
Finance Minister, Ken Ofori-Atta has revealed that Ghana could get about $3 billion from the International Monetary Fund (IMF)…
Cedi still worst performing currency in Africa; depreciates 28.8% to dollar…
The precarious situation of the cedi is not getting any better soon, as the local currency has recorded a -28.82% depreciation to…
T-bills rates hit almost 29%; oversubscribed by 16%
Interest rates surged marginally on the domestic market to almost 29%, enabling the government to achieve a 16% oversubscription…
UK-Ghana Chamber supports UG Medical centre with GH¢50,000
The UK-Ghana Chamber of Commerce (UKGCC), a member-based trade association that promotes bilateral trade between the UK and Ghana,…