Banking and Finance Cedi hits ¢10 to a dollar Kofi Ahovi Aug 19, 2022 0 The Ghana cedi has hit the ¢10 mark as it traded at ¢10.01 in the retail market yesterday August 18th, 2022. At the same time,…
Banking and Finance Bank of Ghana raises policy rate to 22 per cent Kofi Ahovi Aug 18, 2022 0 The Bank of Ghana (BoG) has raised the policy rate by 300 basis points to 22 per cent in a historic move meant to ease growing…
Banking and Finance Better to invest in Dollar, treasury bills don’t make sense –… Kofi Ahovi Aug 18, 2022 0 An Economist at the University of Ghana Business School, Professor Lord Mensah says the US dollar has emerged as a store of…
Banking and Finance BoG gives assurance cedi’s stability will be restored Kofi Ahovi Aug 15, 2022 0 The Bank of Ghana has given strong indication that the recently approved $750 million Afriexim loan facility by Parliament once…
Commodities Depreciation of the Cedi shows lack of confidence in economy – Mahama Kofi Ahovi Aug 9, 2022 0 Former President John Dramani Mahama says the steep depreciation of the Ghana Cedi in recent days clearly shows that the mid-year…
Construction/Real Estate Cement prices to hit ¢68 per bag due to cedi depreciation – Manufacturers Kofi Ahovi Aug 9, 2022 0 Cement prices are expected to be increased from next week. The wholesale price of a 50 kilogramme bag is expected to hit…
Economy Rising external debt sparks foreign currency demand, cedi depreciation Kofi Ahovi Aug 9, 2022 0 Auditing and management firm, Deloitte Ghana is warning that the country’s rising external debt will lead to increased demand for…
Banking and Finance Cedi still worst performing currency in Africa; depreciates 28.8% to dollar… Kofi Ahovi Aug 8, 2022 0 The precarious situation of the cedi is not getting any better soon, as the local currency has recorded a -28.82% depreciation to…
Banking and Finance Cedi troubles yet to be over; loses about 7% value to U.S dollar in July Kofi Ahovi Aug 3, 2022 0 The cedi lost a little over 7% in value to the US dollar in the first month of the third quarter of 2022, taking the year-to-date…
AgriBusiness US$910m cocoa loan expected in October – Major boost for cedi Kofi Ahovi Aug 2, 2022 0 THE country’s international reserve is set to receive a major boost as the first tranche (US$ 910 million) of the US$1.3 billion…