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...

Written by:

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...

Written by:

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...

Written by:

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...

Written by:

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...

Written by:

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...

Written by:

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...

Written by:

July 5, 2019 / Comments (0)

Bank of Ghana to introduce upgraded Ghana cedi notes

April 8, 2019 The Bank of Ghana will issue upgraded and security-enhanced banknotes into circulation on May 6, 2019. According to a statement issued by the BOG on Monday, April 8, the banknotes will have...

Written by:

April 8, 2019 / Comments (0)

Cedi stability is guaranteed after exiting IMF programme – Osafo Maafo assures

March 25, 2019 The cedi rebounding against the major trading currencies will not reverse any moment soon, after it slumped to a record low of GH₵5.5850, according to the Senior Minister, Mr. Yaw Osafo...

Written by:

March 25, 2019 / Comments (0)

Cedi woes, “Stagger the repatriation of profits”—PEF boss

March 15, 2019 To ease the incessant pressure on the cedi, especially in the first quarter of every year, government must introduce a law that regulates the repatriation of profits by multinationals...

Written by:

March 15, 2019 / Comments (0)