Coronavirus erodes cedi’s gains

April 22, 2020 Despite all the gains made by the local currency against its major trading currencies at beginning of the year, especially the United States dollar, the coronavirus pandemic impact has...

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April 22, 2020 / Comments (0)

Cedi appreciates 6.4% against dollar

February 24, 2020 The Ghana cedi has maintained its dominance against its major trading partners, especially the US dollar, as market updates from the First National Bank show there has been a more than 6...

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February 24, 2020 / Comments (0)

Bank of Ghana introduces GH¢100, GH¢200 notes and GH¢2 coin

November 29, 2019 The Bank of Ghana has introduced GH¢100 and GH¢200 notes in the country’s currency denomination mix. It has also introduced GH¢2 coins. This was announced by the Governor of the...

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November 29, 2019 / Comments (0)

BoG bares teeth – Warns forex bureaux to conform to rules

April 25, 2019 The Bank of Ghana (BoG) says it will crack the whip on recalcitrant forex bureau operators who fail to comply with the laws governing forex trading in the country. The clampdown, which will...

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April 25, 2019 / Comments (0)

Ghana Stock Exchange (GSE) calls for formalised forex trading platform

January 28, 2019 The Ghana Stock Exchange (GSE) has called for a formalised forex trading platform that will see the local currency bought and sold in a much more transparent manner. “Ghana should have a...

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January 28, 2019 / Comments (0)

BoG’s Monetary Policy Committee keeps policy rate at 17 %

November 26, 2018 The Monetary Policy Committee of the Bank of Ghana has kept its policy rate unchanged. The Central Bank held its key lending rates for Commercial Banks at 17 per cent, the third time this...

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November 26, 2018 / Comments (0)

Finance Minister to present 2019 budget on Nov.15

October 31, 2018 Finance Minister, Mr. Ken Ofori-Atta will present the 2019 budget to Parliament on November 15, 2018, Speaker of Parliament, has confirmed. “The 2019 budget will be presented by the...

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October 31, 2018 / Comments (0)

TOR resumes refining of crude oil next week

October 22, 2018 The Tema Oil Refinery (TOR) has revived its refinery business to provide petroleum products such as diesel and liquefied petroleum gas (LPG) for the domestic and sub-regional market, after...

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October 22, 2018 / Comments (0)

Senior Minister leads government delegation to World Bank/IMF meetings

October 15, 2018 Senior Minister, Yaw Osafo Maafo, is leading Ghana’s delegation attending the World Bank/IMF Annual Meetings in Bali, Indonesia. The meeting, which lasts from October 8-14, 2018, is...

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October 15, 2018 / Comments (0)

Government to approve Downstream Petroleum Policy

September 28, 2018 The Deputy Minister for Energy,Dr.  Mohammed Amin Adam has stated that government will approve a Downstream Petroleum Financing Policy to address costly financing challenges hindering the...

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September 28, 2018 / Comments (0)