BoG implements unification of cash reserve ratio for local… Mercy Aboagye Nov 27, 2023 0 In a significant move, the Central Bank has announced the unification of the Cash Reserve Ratio for both foreign…
Central Bank digital currency development enters the next… Mercy Aboagye Nov 21, 2023 0 Central bank digital currencies can improve payment systems as well as financial inclusion—if they are…
Investors experience some good luck based on the… Mercy Aboagye Nov 15, 2023 0 The depreciation of the Kenyan shilling increases the value of returns on foreign currency assets,…
Dollar crisis spurs Malawi to devalue its currency by 44% Mercy Aboagye Nov 9, 2023 0 Malawi’s central bank devalued the kwacha in a step that leaves the currency worth two-thirds less than it was at…
Should Large Corporations Keep Excess Cash rather than… SpyDa May 4, 2023 0 There have been on-going debates as to whether or not; firms and corporations should hold excess cash on their…
Ghana urged to increase foreign exchange cover for currency… Rhema Apr 21, 2023 0 The Institute of Economic Affairs (IEA), a public policy think-tank in Ghana, has recommended a significant…
Ghana’s economic instability worsened by fiscal… Rhema Apr 19, 2023 0 Ghana’s economy has been facing a chronic problem of fiscal indiscipline, which has resulted in high levels of…
S&P says Ghana’s local debt in default, cuts foreign… Rhema Dec 7, 2022 0 S&P Global downgraded Ghana’s long-term local currency bonds to “selective default” and cut the country’s…
Cedi strengthens against the greenback; rises to GHS 13.7… Rhema Dec 6, 2022 0 The local currency strengthened in value against the anchor currency almost a day after the government launched the…
Goldman Sachs expects Ghana’s key interest rate to peak at… Rhema Dec 1, 2022 0 Goldman Sachs Group Inc. economists said they now expect borrowing costs to peak at 29%, after the Bank of…
Ghana increases benchmark interest rate to relieve… Rhema Nov 29, 2022 0 Ghana’s central bank announced an increase of 250 basis points in its benchmark policy rate to 27 percent Monday to…