Tag: Currency
Business
Cedi now sells at GHS16 per dollar at forex
Ghana's currency continues to weaken against major international currencies.The cedi is approaching the GH¢16 level, currently trading at GH¢15.99 at various forex bureaus nationwide.As...
Business
Ghana’s cedi continues to decline against major currencies, trading at GHS15.67 to $1
Ghana's currency, the cedi, continues to lose value relative to major foreign currencies, especially the US dollar.Reports received has it that the cedi is...
Independent Africa
Nigerian students expelled from UK universities due to currency crisis
Nigerian students have been expelled from university courses and ordered to leave the UK after a currency crisis left them unable to pay tuition...
Independent Africa
Zimbabwe urges quick adoption of new currency despite scarcity
Zimbabwe's Finance Minister Mthuli Ncube has directed govt agencies to accept payments in new gold-backed currency amid reports of severe shortagesIn a recent statement,...
Business
Miracle needed to save Ghana cedi – Forex Bureaux Association
The Ghana Association of Forex Bureaux has warned that the Ghana cedi's current decline, combined with historical trends during election years, suggests that only...
Business
Ghana cedi was the third worst-performing African currency in 2022 – Bloomberg
The outlook remains uncertain for Ghana's cedi, ranked as Africa's third-worst performing currency this year.Analysts caution that the currency, having already depreciated by over...
Business
Nigeria seeks $10bn from Binance over alleged currency manipulation
The Nigerian government has formally requested compensation of nearly $10 billion (£8 billion) from the cryptocurrency company Binance, alleging that it engaged in manipulative...
Business
Video: How money is printed
The intricate processes involved in the creation of currency often remain shrouded in secrecy, known only to a select few—the skilled printers responsible for...
Business
Govt pledges to further reduce expenditures and create more jobs
Government has reaffirmed its commitment to preserving the current economic achievements and ensuring their positive impact on the well-being of its citizens in the...
Business
Here are tips to identify fake cedi notes
The issue of encountering counterfeit currency notes may not be unfamiliar to many.Fake currency notes have, to some extent, infiltrated various financial transactions, including...
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