Tag: Exchange Rate
Business
Businesses are still grappling with high exchange rates – Chamber of Commerce CEO
Chief Executive Officer (CEO) of the Ghana Chamber of Commerce and Industry, has voiced concerns over the prevailing foreign exchange rate and its effects...
Business
AGI impeding crackdown on companies fueling exchange rate instability – Amin Adam
Finance Minister Dr. Mohammed Amin Adam has criticized the Association of Ghana Industries (AGI) for obstructing government initiatives aimed at addressing the role of...
Business
“We’re going to change the duty structure and go into more of a flat specific duty” – Bawumia
Flagbearer of the New Patriotic Party, Dr. Mahamudu Bawumia, has reiterated his commitment to improving the business environment at ports by introducing fixed exchange...
Business
ECG ‘dishing out’ GHC80m to Fidelity Bank in exchange rate deals – Bright Simons alleges
Bright Simons, the Vice President of IMANI Africa, has alleged that the Electricity Company of Ghana (ECG), the government-controlled electricity utility, is "dishing out"...
Business
Forex rates show a dollar selling at GHS11.90, BoG interbank rate at GHS11.00
Bank of Ghana's interbank exchange rates indicates the Ghana Cedi is now trading against the dollar at a purchasing price of 10.9951 and a...
Business
We publish weighted average of transaction rates, not BoG forex rates – 1st Deputy Governor
The daily publishing of foreign exchange rates, which sets the rates lower than those offered on the retail or forex market, has been defended...
Business
Exchange rate volatility sign of fever not recovery – Bright Simons
The Vice President of IMANI Africa, Bright Simons says government should be worried about the wild swings in the Exchange Rate.“Volatility of this type...
Business
FLASHBACK: Understanding the exchange rate
The exchange rate uses demand and supply forces to operate. An increase in the demand for a foreign currency increases the price at which...
News
Our exchange rates have never been managed – Prof. Lord Mensah
Associate Professor at the University of Ghana Business School, Professor Lord Mensah, says Ghana’s exchange rates have never been properly managed.According to him, the...
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