Tag: bloomberg
Business
Cedi is trading at GHS15.67 per US dollar as of September – Bloomberg
Ghana’s cedi continues to struggle against major currencies, including the US dollar. Despite showing some relative stability in July, the cedi has recently weakened...
Business
Dollar expected to hit GHS16 by end of 2024 – Bloomberg
A renowned financial and media corporation, Bloomberg, has forecasted further depreciation of the Ghana cedi by the conclusion of 2024.As per Bloomberg's projection, the...
Business
Abu Dhabi emerges as premier wealth hub for billionaires – Bloomberg
For decades, the world's wealthiest individuals opted to secure their assets in various overseas havens, ranging from the Cayman Islands and Switzerland to the...
Business
Wealthiest families globally saw their fortunes increase by $1.5 trillion in 2023
Bloomberg has reported that the world's 25 wealthiest families experienced unparalleled success in 2023, marking a period of exceptional financial growth and prosperity.Abu Dhabi's...
Business
Ghana’s Finance minister juggles budget challenges amid debt restructuring, election Pressure
Ken Ofori-Atta faces the challenging task of presenting a national budget for 2024 amidst a debt restructuring process, all while adhering to the fiscal...
Business
Rot-causing disease affects Cocoa output, hiking prices
Cocoa prices have surged to a 13-year high due to heavy rainfall across West Africa, which has accelerated the spread of a rot-causing disease,...
Business
Cedi among worst-performing African currencies – Bloomberg report shows
Ghana's cedi has been ranked as one of the worst-performing African currencies against the US dollar, according to Bloomberg's World Currency Ranker.The cedi ranked...
Business
Bloomberg records 11.21% cedi depreciation against the dollar in first half of 2023
The cedi experienced a depreciation of approximately 11.21% against the US dollar in the first half of this year, according to Bloomberg.The local currency...
Business
Ghana misses restructuring target, Bloomberg says
Ghana's local currency, cedi, the second-worst performing currency in the world this year, is doomed to further suffering after the nation missed a deadline it...
Independent Africa
Elon Musk reclaims title as world richest person after loosing $200bn
Bloomberg's calculations, has again titled Elon Musk as the world' s richest person in the world.In December 2022, Bernard Arnault, CEO of the French...
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