In Accra, the country’s capital, hundreds of protesters marched to the streets this week to demand the resignation of the Bank of Ghana‘s governor and his two top lieutenants due to the loss of around 60 billion Ghanaian cedis ($5.2 billion; £4.3 billion) in the fiscal year 2022. […]
Business
The Bank of Ghana’s interbank forex rates for today, September 25, 2023, show that the Ghana Cedi is trading versus the dollar at a purchasing price of 11.0703 and a selling price of 11.0813. Please keep in mind that these rates may differ at a forex bureau near you. Afriswap […]
Due to Ghana’s current economic issues, Ghanaians must ensure that their incomes keep pace with the rate of inflation. From an earlier 42.2% in May, inflation for the month of June increased somewhat to 42.5%. In June 2023, this translates to a 42.5% increase in product prices. This […]
For the first time since it was established in 1960, Australia’s central bank reports that a woman will serve as its president. Philip Lowe, who is nearing the conclusion of a seven-year term as governor of the Reserve Bank of Australia (RBA), will be replaced by Michele Bullock. Her […]
According to Samuel Atta-Akyea, the head of the Parliament’s Mines and Energy Committee, the government is trying to pay off any debt owed to Independent Power Producers (IPPs) on Saturday, July 1. He claims that steps are being taken to avoid and stop the disastrous effects of IPPs shutting down […]
Ghana agrees to the restructuring of $1.36 billion in locally issued US dollar bonds and cocoa bills with banks. In order to meet the IMF deadline and obtain more financial support, the nation is looking for fresh conditions for $11.18 billion in domestic debt. When debt is restructured, loans and […]
A memorandum of understanding between the UK and the EU regarding cooperation in financial services is about to be signed. It will create a forum where the EU and the UK may meet twice annually to talk about financial standards and regulation. The long-awaited move is seen as an […]
Grab, the top ride-hailing and food delivery service in Southeast Asia, announced that it is laying off 1,000 employees, or 11% of its workforce. According to the head of the business, the cost-cutting measures were necessary to maintain long-term affordability of services. The Singapore-based company provides banking services, trips, […]
After UK inflation stayed significantly higher than anticipated for the fourth consecutive month, interest rates are predicted to increase once more. The rate of inflation, which gauges how quickly prices are rising, stayed at 8.7% in May. The shocking number was driven by rising airfares and used car prices, […]
Amazon has been accused by the US of misleading people into signing up for Prime subscriptions that automatically renew and making it tough to cancel. The allegations were made in a complaint filed by the Federal Trade Commission (FTC), the nation’s consumer rights watchdog. Over 200 million people worldwide […]
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