Tag: dollar
Beyond the Banks: Inside Ghana’s Quiet Dollar Marketplace
Ghana’s quiet parallel dollar market widens exchange gaps, raises import costs, fuels…
Gold Extends Record Rally Above $5,500 Amid Dollar Weakness and Rising Global Risks
Gold climbed above $5,500 as dollar weakness, Fed policy uncertainty, geopolitical tensions,…
Cedi Gains as Gold Breaks $5000, and Dollar Hits 4-Month Low
Ghana’s Cedi gains as the US Dollar hits a four-month low and…
Is the US Dollar Still a Safe Haven for the Rich in Developing & Emerging Economies?
Despite a weaker dollar and brief selloffs, foreign investors are returning to…
The Endless ‘Abokyi’ Chase: Will the 41 Nabbed be the End, or We’ll Keep Running in Circles?
Police and the Bank of Ghana have again arrested illegal forex traders…
Why a 5% Dollar Tax Makes No Sense After a $10 Billion Rescue
Ghana’s 5% dollar withdrawal tax contradicts the $10 billion forex rescue, hurts…
Malawi Makes Tourists Pay for Beds in Dollars to Ease Hard-currency Squeeze
Under the new initiative, tourism businesses were told to apply for special…
Let’s Stop Pricing Goods and Services in Dollars — Finance Minister
Finance Minister Dr. Kassiel Ato Forson urges Ghanaians to stop pricing goods…
Structural Reforms Needed for Resilient Currency, Says BoG Director of Research
Dr. Philip Abradu-Otoo of BoG has urged urgent structural reforms to strengthen…
Gold, Fiscal Discipline, and Market Trust Driving Cedi Stability – Analyst
Analyst Toma Imihere says Ghana’s cedi stability stems from gold trade initiatives,…
Cedi Weakens Across Major Currencies in Early September, Dollar Leads Declines by 3.02%
The Ghanaian cedi continued to face pressure in the opening days of…
Cedi’s Strong Performance Triggers Sharp Drop in Remittances — BoG Governor
BoG Governor Dr. Asiama says cedi’s sharp appreciation has caused a nearly…