According to the most recent Bank of Ghana report, T-bills were approximately 30% oversubscribed as the government sought additional funding for its immediate obligations. Bank of Ghana The BoG reports that the treasury market has experienced rising interest rates for a fourth week in a row. The 182-day bill grew […]
Business
Following the UK’s approval of Ford’s BlueCruise technology, drivers will be allowed to lawfully take their hands off the wheel while driving. The use of the “hands-off, eyes-on” technology on several roadways has been allowed by ministers. While a camera will keep a watch on the driver’s eyes to […]
British Chancellor Jeremy Hunt claims that the country’s economy is “back” and that the Washington meeting of the International Monetary Fund has praised his growth strategy. Following a barrage of criticism, his predecessor Kwasi Kwarteng departed the previous IMF meeting in October early. According to Mr. Hunt, the international lending […]
The future of Africa and the prosperity of the world rests with the continent’s rapidly expanding youth population. The 2023 YGL Aliko Dangote Fellows highlight the most potential African leaders trying to bring about significant change in their respective disciplines notwithstanding persistent challenges. The cooperation between the Forum of Young […]
The chairman of the US central bank has issued a warning that policymakers may hike interest rates more quickly and significantly than initially anticipated in an effort to stabilize the market. Following the comments, which came just a few weeks before the bank is scheduled to make another rate […]
The US economy continued to defy predictions of a slowdown last month, with jobs growth remaining robust. More than anticipated, employers created 311,000 new jobs in February, with pubs and restaurants being the primary contributors. The unemployment rate increased somewhat from 3.4% in January—the lowest level since 1969—to 3.6% […]
As the worst collapse of a US bank since 2008, US regulators have shut down Silicon Valley Bank (SVB) and taken control of its client deposits. The actions were taken at a time when the company, a significant tech lender, was frantically trying to obtain money to cover a […]
Ken Ofori-company, Atta’s Databank, which provides transaction advisory services for the issuing of government bonds, is said to have received GH159 million from the government since 2017. The accusation is being made by Rockson-Nelson Dafeamekpor, the member of parliament for South Dayi, who claimed that his calculations were based […]
A briefcase carrying 80 million CFA (GH1.5 million) was intercepted by the Customs Division of the Ghana Revenue Authority (GRA) at an unauthorised crossing point along the Ghana-Togo border at Aflao. Seidu Iddrisu Iddisah, the acting commissioner of customs, claimed that the aforementioned suitcase also included some real currency, including […]
Today, January 16, 2023, the Ghana Cedi is trading against the dollar at a purchasing price of 10.3305 and a selling price of 10.3409, according to the Bank of Ghana’s Interbank Forex Rates. Please take note that these rates could vary at a currency bureau close to you. Afriswap Bureau […]
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