We’ve put enough measures in place to stabilize cedi – BoG Governor

September 29, 2020 Governor of the Bank of Ghana, Dr. Ernest Addison has expressed confidence in the ability of the local currency to continue with its impressive streak of relative stability in the short to...

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September 29, 2020 / Comments (0)

COVID-19: African Development Bank Group supports Ghana with $69m grant

July 29, 2020 The Board of Directors of the African Development Fund (ADF) on Friday, July 24, 2020, approved a $69 million grant to support Ghana’s efforts to tackle the COVID-19 pandemic and mitigate...

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July 29, 2020 / Comments (0)

BoG to build additional reserves to deal with cedi depreciation

July 29, 2020 The Bank of Ghana says it intends to build additional reserves of up to 300 million cedis to stabilize the country’s currency. This will be a medium-term solution to prevent the free fall...

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July 29, 2020 / Comments (0)

Government set to increase price of cocoa this year-Cocobod CEO

June 24, 2020 The Chief Executive Officer (CEO) of Ghana Cocoa Board(Cocobod), Mr. Joseph Boahene Aidoo, has hinted at conclusive discussions with President Nana Akufo-Addo to increase the price of cocoa...

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June 24, 2020 / Comments (0)

Cedi’s strength in first two months discourages local dollar accounts

May 4, 2020 The March 2020 Banking Sector Report has shown that the cedi’s strength against major trading currencies such as the dollar in the first two months of this year has made it unattractive...

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May 4, 2020 / Comments (0)

Dollarisation: BoG gets tough on companies pricing in foreign currency

February 27, 2020 The Bank of Ghana has embarked on an intensive exercise to issue final warning to companies and other organisations pricing and/or trading in foreign currency. The central bank in July 2019...

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February 27, 2020 / Comments (0)

Cedi appreciates against major currencies in January

January 31, 2020 The local currency has enjoyed a good run against its major trading partners in the first month of the year — appreciating against all the three major currencies, the dollar, euro and...

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January 31, 2020 / Comments (0)

New notes not threat to inflation – Economists

December 3, 2019 The introduction of the new high value denominations does not pose any threat to the country’s inflation rate, two economists have said. Although there have been some public concerns that...

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December 3, 2019 / 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)

GOIL to construct $35 million bitumen plant

July 5, 2019 Goil has entered into a joint venture with Societe Multinationale de Bitumes (SMB) of Cote d’Ivoire to construct a $35 million bitumen plant in Tema. The plant, which has the capacity to...

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July 5, 2019 / Comments (0)