President Akufo-Addo has stated that the recent depreciation of the Ghana cedi was caused by low inflows of foreign exchange, as well as the activities of speculators and the Black Market.
Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has assured the market that the rapid depreciation of the cedi against the US dollar will soon stabilise after a meeting with banks and forex bureaus concluded with workable plans.
President Akufo-Addo has given the strongest indication yet of his administration’s determination to provide relief, in the short term, to households and businesses as they continue to grapple with rapidly deteriorating economic conditions.
Xodus Communications Limited has released the full list of winners for the 4th Edition of the JP Ghana Auto Awards, held at the Kempinski Gold Coast in Accra.
Ghana's President Akufo-Addo says talks with the International Monetary Fund (IMF) for a loan support for its homegrown economic programme is "going well."
The Executive Director of Wholesale and Investment Banking of GCB Bank PLC, Mr Sam Aidoo, says the current economic crisis provides the opportunity to restructure our economy from a service driven one.
The Capital Finance International magazine has named the Ghana Investment Promotion Centre (GIPC) Africa’s top investment promotion organisation for the fourth consecutive year.
President Nana Akufo-Addo on Wednesday expressed worry about the activities of the black currency market which has significantly contributed to the depreciation of the Cedi against major trading currencies.
The Vice President, Dr Mahamudu Bawumia, has hinted of Government’s intention to implement “bold, difficult but firm decisions” in the coming days to ensure fiscal discipline and debt sustainability.
