Latest News for: ghana cedi

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Public Debt: A catalyst for economic development or recipe for economic disaster?

B & FT Online 03 Apr 2025
Historical Context of Ghana’s Public Debt ... (The Ghana Report,2024) ... (Ghana Web, 2024) ... Mounting external debt has exerted pressure on Ghana’s foreign reserves and the cedi’s value against major currencies like the dollar and euro.
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A Newly-built 3-bedroom House With 3 Washrooms At Kutunse

Business Ghana 31 Mar 2025
Properties Information. Price. GHS 0.00. Rooms. 6. Bedrooms. 3. Renting Type ... 650,000 Ghana Cedis ... .
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Unpacking thriving/new markets and strategies to invest in the real estate sector

B & FT Online 31 Mar 2025
The growth of thriving and emerging markets in Ghana ... According to Statista (2023) the real estate sector in Ghana contributed about 1.6 billion Ghanaian cedis (Ghs), approximately 121.2 million U.S ... Ghana Population and Housing Census (2021).
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What do you know about money? (2): The Real Capital

B & FT Online 31 Mar 2025
Do you think it makes sense to work for artificial money when you yourself–you in totality–are more valuable than any currency reserve, whether it’s the United States dollar or Ghana ...
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Gold smuggling and revenue loss: Can the GoldBod fix it?

B & FT Online 28 Mar 2025
If Gold Board successfully eliminates or significantly reduces gold smuggling, Ghana stands to gain in several ways.Increased government revenue – More gold passing through official channels means ...
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Editorial: Strengthening regulatory & enforcement mechanisms for small scale mining

B & FT Online 27 Mar 2025
Sammy Gyamfi, acting Managing Director-Precious Minerals Marketing Company (PMMC), noted that the unregulated nature of Ghana’s gold exports has led to significant losses in foreign exchange, contributing to depreciation of the cedi.
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Government to use blockchain to track gold from mines to export under GoldBod plan - Sammy Gyamfi

Business Ghana 27 Mar 2025
The government of Ghana is introducing a blockchain-based gold ... Mr Gyamfi said Ghana was losing around US$2 billion each year to gold smuggling, money that could otherwise support public investment.
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Ghana at 68: Looking back, moving forward – A national reflection

B & FT Online 26 Mar 2025
Sixty-eight years ago, Ghana stood at the dawn of a new era, becoming the first sub-Saharan African country to gain independence from colonial rule ... Ghana’s fight for independence was fueled by a vision of freedom, dignity, and progress.
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Parliament directs probe into market fire outbreaks

Business Ghana 26 Mar 2025
Mr Yeboah described the inci­dent as a national tragedy, stating that the fire, allegedly triggered by power fluctuations, destroyed nearly 2,000 shops, causing losses worth millions of Ghana cedis.
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How to boost agriculture and cut Ghana’s over US$3.5bn food import bill

B & FT Online 26 Mar 2025
This is despite the fact that millions, if not billions of Ghana cedis, from state and donor funds have been poured into these interventions ... Rice remains a staple food in Ghana, yet domestic production covers only 40 percent of the demand.
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Another Israeli company, ISC Holdings Ltd named in Ghana spyware corruption scandal

Ghana Business News 25 Mar 2025
“The difference of over 30 million Ghana cedis, which should have gone towards national security infrastructure, ended up in their private pockets,” Dr Ayine stated ... Some former Ghana government ...
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Fiscal dominance and monetary tightening: Can policy coordination deliver stability?

B & FT Online 25 Mar 2025
Ghana exemplifies this policy dysfunction, where even aggressive monetary tightening is rendered ineffective due to persistent budget deficits, quasi-fiscal liabilities, and institutional constraints on central bank independence.
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Gov’t debt and inflation: How low T-bill rates reflect economic vulnerabilities

B & FT Online 24 Mar 2025
As per source from Bank of Ghana, the current interest rate for 91-day bill is 15.25% while that of inflation is hovering around 23.1% ... The situation becomes even more concerning when considering Ghana’s currency, the cedi.
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Adu-Boahen and wife held over GH¢39m for no work done – Attorney-General

Ghana Business News 24 Mar 2025
Dr Ayine said currently the couple had been admitted to bail in the sim of GHC260 million cedis ... “By the exchange rate at the time, this amount was the Ghana cedi equivalent of $1,750,000.
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Ghanaian journalists attacked by military, illegal miners in separate incidents

CPJ 24 Mar 2025
On March 5, a judge ordered that 37,000 Ghana cedis (USD$ 2,385) of compensation for those attacked be transferred from police to the journalists, but Annim and Adu-Baah said they had not received the money.
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