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)

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...

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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...

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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...

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March 15, 2019 / Comments (0)

Cedi will regain strength in weeks — Finance Minister

March 14, 2019 The Minister of Finance, Mr Ken Ofori-Atta, has given an assurance that the cedi will begin to appreciate against the major currencies within the next two weeks. “The reversal will occur...

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March 14, 2019 / Comments (0)

BoG to weather dollar storm- Begins 84th MPC meeting today

September 18, 2018 The Bank of Ghana (BoG) is set to roll out new policy measures to weather the storm of the depreciating cedi as it gauges the health of the economy in the last three months. In the last few...

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September 18, 2018 / Comments (0)

BoG injects more dollars into the economy

September 13, 2018 The Bank of Ghana (BoG) has stepped up its supply of United States (US) dollars to meet daily demands for foreign exchange as global pressures and the exit of investors from emerging...

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September 13, 2018 / Comments (0)

Cedi woes resurfaces

July 5, 2018 Despite a strong start to the year, the local currency has come under intense pressure from the US dollar resurrecting the woes of the cedi against its major trading partners. Data from the...

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July 5, 2018 / Comments (0)