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BoG affirms its dedication to a flexible FX regime

Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has reiterated the bank's commitment to maintaining a managed floating exchange rate regime with...

A robust African economy requires a single currency – Experts

The necessity for an African single trade currency was emphasized by participants and speakers at the recently concluded 7th Ghana International Trade and Finance...

Cedi pressured as US debt ceiling negotiations persist

The local currency has lost 1.48 percent of its recent advances. At the end of last week, it was worth GH10.98 to the US...

Zimbabwe introduces gold-backed digital currency

On Monday May 8 2023, the Central Bank of Zimbabwe issued a digital token that is backed by gold as legal tender. The aim is...

Why Guinea put Nkrumah’s face on her currency

Ghana's first president of, Dr. Kwame Nkrumah, had his image engraved on a Guinean coin. Dr. Kwame is said to have been close friends with...

Kenya’s shilling drops to a new record after 60 straight days

After 60 days of falls, the Kenyan shilling experienced its longest losing streak since records began in 1988. By 10:55 a.m. in Nairobi, the shilling...

Kenya electricity price increases over fuel prices and currency depreciation

An increase in fuel prices and a depreciating local currency has contributed to the high cost of electricity in Kenya by 10% in the...

Various phases of Ghana’s currency from 1957 to date

After independence in 1957, the West African pound, shillings, and pence remained the units of currency. In July 1958, the Bank of Ghana issued the...

Ghana’s transition from British to Ghanaian Pound and eventually the Cedi

Ghana hasn’t always had the Cedi as its legal tender – currency. As a colony of the British whose currency is the British Pounds,...

Too early to jubilate over cedi’s appreciation against the dollar – Economist

Chartered Economist Emmanuel Amoah Darkwa says it is too early for Ghanaians to be jubilating, over the recent appreciation of the Ghana cedi against...

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