Tag: local currency
Business
Binance halts transactions with Nigeria’s local currency amid dispute
Largest cryptocurrency firm globally, Binance, has initiated a halt on all transactions involving Nigeria's local currency amidst an ongoing dispute with the authorities.The Nigerian...
Business
Cedi’s outlook favourable as it gains 0.43% to dollar
In the retail sector last week, the Ghana cedi appreciated by a favorable 0.43% versus the US dollar.It traded at a mid-rate of ¢11.73...
Business
Ghana’s local currency ratings upgraded from Ca to Caa3
Moody's Investors Service has upgraded Ghana's long-term issuer rating from Ca to Caa3, signifying an improvement in the country's creditworthiness. Additionally, the rating agency...
Business
FULL TEXT: Moody’s downgrades Ghana again over heavier debt burden, weak revenue
The Government of Ghana's long-term issuer and senior unsecured debt ratings have been reduced by Moody's Investors Service ("Moody's") to Caa2 from Caa1 and...
Must read