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% […]
Business
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 […]
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 […]
Kennedy Agyapong, a member of parliament from Assin Central, acknowledged that the current economic climate is challenging, particularly for SMEs. The outspoken congressman demanded immediate action by reconsidering plans, policies, and programmes to guarantee Ghana gets weaned off contributions and outside help without going into detail about the facts […]
According to Seth Terkper, a former finance minister, no government has ever received GH1 billion from the IMF. He claims that the maximum amount the nation has ever received from the Fund was GH3 billion when it was designated as a HIPC. On October 25, 2022, he stated at the […]
As the Chad loan is in jeopardy, IMF is funding North Africa. Ghana: Crackdown on black market may not halt cedi’s fall The IMF urged the Paris Club of official creditors not to renege on their obligations to the nation because of rising oil costs. A $570 million three-year loan […]
Second Deputy-Governor of the Bank of Ghana (BoG) Mrs. Elsie Addo Awadzi Second Deputy-Governor of the Bank of Ghana (BoG), Mrs. Elsie Addo Awadzi, has reassured that the situation is temporary despite high inflation and a rapidly depreciating local currency that have caused economic turmoil this year. Her organization is […]
A $25 billion gas pipeline project has been suggested as a collaboration between Nigeria and Morocco. The goal of the project is to utilize Nigeria’s natural gas. The project also aims to provide many West African nations with 3 billion scfd of gas. Nigeria and Morocco have made the decision […]
The cost of gas is lower in a lot of African nations, particularly those that produce gas. North African nations make up the majority of the list. Two nations that don’t produce oil are included. Lowest prices of gas in Africa It is well known that an industrialized town thrives […]
The Ghana Cedi is trading against the dollar on the Bank of Ghana’s Interbank exchange rates for October 13, 2022, with a purchasing price of 9.7871 and a selling price of 9.7969. File photo of Ghana cedis notes Please take note that these rates could vary at a currency bureau […]
The Ghana Revenue Authority (GRA) has closed a few retail stores recently, including the Palace Mall and the China Mall. Ghanaians have divided on this practise. People impacted, including those who work at and patronise these malls, think the shutdown is needless. However, other Ghanaians contend that if these organisations […]
On October 10, 2022, the Ghana Cedi is trading against the dollar at a purchasing price of 9.6327 and a selling price of 9.6423 according to the Bank of Ghana’s Interbank Foreign Exchange Rates. Please take note that these rates could vary at a currency bureau close to you. Afriswap […]