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Cedi sells at GH¢12.60 for $1, GH¢11.01 on interbank market as of March 23

The Interbank forex rates from the Bank of Ghana today, March 23, 2023, have shown that the Ghana Cedi is trading against the dollar at a...

Relationship between academic and industries must be reconsidered – Dr. Opoku-Afari

The relationship between academic institutions and industries needs to be reconsidered, according to Dr. Maxwell Opoku-Afari, first deputy governor of the Bank of Ghana. Dealing...

Trial of Ato Forson: Letters of Credit were not approved by our client – Defense tells court

Legal team for the Minority Leader, Dr Cassiel Ato Forson in the ambulance case has informed the court that he did not authorize or issue any...

Assist rural banks in raising capital through stock purchases — BoG Governor

The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has urged the Ghana Stock Exchange (GSE) to explore the possibility of helping...

Bank of Ghana collaborates with Ghana Air Force to airlift cash nationwide

The Bank of Ghana has joined forces with the Ghana Air Force to airlift cash to some of its regional offices nationwide. The move is...

Collapse of USA’s Silicon Valley should be a lesson for Ghana – KPMG Senior Partner

Anthony Sarpong, a senior partner at the accounting and auditing firm KPMG Ghana, has counselled the Bank of Ghana and other central banks in Africa to view the failure of banks in developed countries as a warning to the banking industry to avoid a similar situation in the future. Maintaining sufficient liquidity to cover customer withdrawals, in his opinion, is one way to stop bank failure. He said the failure of those banks is a wake-up call that must not be disregarded in an interview with Joy Business following the collapse of US Bank, Silicon Valley Bank, and other larger financial institutions. However, he expressed assurance that the steps taken by the Bank of Ghana to support banks will be successful. “You noticed that the regulator has...

On the interbank market, bureaus sell $1 at GH¢12.70, GH¢11.01 as of March 17

The Interbank forex rates from the Bank of Ghana today, March 17, 2023, have shown that the Ghana Cedi is trading against the dollar at a...

I could not sleep due to the increase in exchange rate – Dr Bawumia

Vice President Dr Mahamudu Bawumia has revealed that he suffered sleepless nights when Ghana went through a phase of persistent hikes in exchange rates leading to...

Conceiving “gold for oil scheme” kept me awake at night – Bawumia

Vice-President, Mahamudu Bawumia has said that he had restless nights when the country's bulk oil distribution businesses priced petrol at GHC19 to a dollar...

Tell us how much was spent on gold in the oil deal – Edward Bawa to govt

A member of the Mines and Energy Committee of Parliament, Edward Bawa, is requesting information from the government regarding the conditions of the funds...

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