According to a letter from Sam Bankman-lawyer, Fried’s Mark Cohen, the disgraced co-founder of FTX is requesting access to the cryptocurrency assets connected to FTX and Alameda Research Cohen adamantly demands the removal of the current bail terms “connected to crypto asset transfers.” The defence team for Bankman-Fried argues to […]
Business
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 […]
Former Deputy Minister for Finance, Cassiel Ato Forson, has blamed Ghana’s current economic situation on the employment of hundreds of people into various government institutions. In a Facebook post sighted by GhanaWeb, the former deputy minister said this numerous employed people enjoy emoluments which is putting pressure on the local economy. From […]
This week, there has been some stability for the Ghanaian cedi relative to the dollar. The dollar sold at the Afriswap forex bureau for less than GH14, with a GH13 purchase price. The exchange rate for the dollar on December 10, 2022, is GH12.60. This has been attributed to […]
Manasseh Atta Boateng, the government’s spokesperson on finance and the economy, has reassured individuals, groups, and corporate entities that the Domestic Debt Exchange scheme will never have an impact on money invested in bonds or even treasury bills. He noted that some people have chosen to go and withdraw their […]
The Kumasi Technical University’s Dr. Smart Sarpong, a Senior Research Fellow, has praised Finance Minister Ken Ofori-Atta for completing the 2023 budget statement notwithstanding the censure motion brought against him. A few days ago, the Minister spoke before the Ad-hoc Committee looking into the vote of censure against him, […]
Today, November 28, 2022, the Ghana Cedi is trading against the dollar at a purchasing price of 13.0985 and a selling price of 13.1117, according to the Bank of Ghana’s interbank exchange rates. Compared to Friday’s trading, which saw a price of 13.0987 for the purchase and 13.1119 for […]
The Chamber of Telecommunications lamented how expensive the sim registration process was. Ken Ashigbey, the Chief Executive of the Ghana Telecommunications Chamber, claims that in order to help with SIM registration, telecommunications businesses have had to hire extra staff members and devices. “There are development expenditures that went into […]
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