Talking down the cedi in the media does not help – Gabby
SOURCE: GRAPHICONLINE A leading member of the New Patriotic Party (NPP), Gabby Asare Otchere-Darko has urged the media to desist from fuelling speculation about the depreciation of the Ghana cedi against the US dollar. According to him, while it was not the job of journalists and analysts to fix the cedi, the fate of the […]
Three Gold Firms on board in efforts to stabilize Cedi – BoG
By Rukiyatu Musah The Bank of Ghana, BoG, says three gold Mining Firms have come on board its domestic Gold purchase programme to shore up the country’s reserve. According to the Bank, it has now resorted to diversification of its assets through the purchase of local gold from a Gold Aggregator known as Asanska Gold. […]
Weak Cedi pushes Ghana’s debt to more than GH¢390 billion as of April 2022
Recent data released by the Bank of Ghana put Ghana’s total public debt stock, as of March 2022, at US$ 55.1 billion or GH¢391.9 billion. In Dollar terms, the debt dropped by over $3 billion in the first 3 months of the year, from $58.4 billion in January to $55.1 billion in March. In Cedi […]