Tag: dollar
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…
Why Cedi Gain-Induced Revenue Shortfall Makes Another Case for BoG to Weigh Dollar Adoption
Prof. Pat Obi urges Ghana to consider dollar adoption, citing revenue losses…
Association of Banks Moves to Investigate Purported Shortage of Dollars at Commercial Banks
The Ghana Association of Banks is investigating rising complaints over delays in…