Bank of Ghana
“Economic Maguire” & Ofori-Atta secure win for cedi against dollar after IMF staff-level deal
Finance minister Ken Ofori-Atta and Dr Mahamudu Bawumia have been lauded for major appreciation of the Ghana cedi against the US dollar in the recent times.
Ato Essien pleads guilty to charges; to be convicted on his own plea
The legal tussle between former CEO of now defunct Capital Bank, Ato Essien, and the state has come to end as he pleads guilty to charges brought by the state.
Social media videos capture thick smoke from suspected fire at Bank of Ghana
Social media has been inundated with short, amateur videos of thick smoke billowing from the Bank of Ghana headquarters in Accra. Details are scanty so far.
Cedi flexes muscles; Appreciates against USD after debt exchange announcement
The cedi has approciated against the US dollar following the domestic debt exchange announcement by finance minister Ken Ofori-Atta. It's gained some 4% so far.
BoG changes features on GH¢1 coin; new coin starts circulation from Monday Dec 12
The central bank of Ghana has announced upgrades to the GH¢1 coin with enhanced security features. The new coins will go into circulation from December 12, 2022
Ghana to use gold to buy petroleum products but experts criticise move as flawed
Bawumia has announced plans by the government to pay for imported petrol and diesel with gold instead of dollars. But experts say that will not save the cedi.
Continuous increase in prices of goods on the market to end in 2023 – Fitch
Some good news for Ghanaians as Fitch Solutions has predicted that the worsening inflation currently being experienced will in the country will end in 2023.
BoG ends forex support for imports of rice, toothpick and other non-critical goods
Bank of Ghana has stopped providing foreign exchange support for non-critical goods to stop the depreciation of the cedi against the dollar and pound sterling.
IEA economist backs Prof Hanke’s currency board proposal to save falling cedi
Prof Hanke's proposal for Ghana to set up currency board has gotten the support of Dr John Kwakye of the IEA. He said Prof Hanke's proposal is worth considering
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