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A service for FOREX trading professionals · Sunday, June 20, 2021 · 544,326,772 Articles · 3+ Million Readers
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Ghanaian Cedi (GHS) News Monitoring

  • Published on Jun 16, 2021

    BoG schools public on Forex Bureaux operations

    The BoG has encouraged customers to always go to the forex bureau with their ID Cards •The Bank of Ghana has stated that the sole legal tender in Ghana is the Ghana Cedi and the Ghana Pesewa. • It said individuals cannot deposit Ghana Cedis with a forex …

    Source: Ghana MMA - Neutral
  • Published on Jun 16, 2021

    Desist from buying and selling foreign currency or face prosecution

    • The Bank of Ghana has served a warning to persons engaged in buying and selling of foreign currency from unlicensed service points • The Central Bank says such activities are illegal • The Bank also wants forex bureaus to demand IDs for all transactions …

    Source: Ghana MMA - Neutral
  • Published on Jun 5, 2021

    Ghana Discussing Possibilities Of Digital Currency, E-cedi

    Ghana’s central bank has declared an interest in the creation of a digital currency, noting that it was in the “advanced stages”. This was disclosed by the Bank of Ghana’s Governor, Ernest Addison, stating that currency would go by ‘e-cedi’. Addison also …

    Source: Biz Watch Nigeria - Uncategorized
  • Published on Jun 18, 2021

    BoG launches domestic gold purchasing programme

    REMARKS BY DR. ERNEST ADDISON GOVERNOR, BANK OF GHANA Good afternoon to you all and let me welcome you all to this special event Introduction It is a great pleasure to be part of this momentous occasion of launching Bank of Ghana’s domestic gold purchasing …

    Source: Ghana MMA - Neutral
  • Published on Jun 8, 2021

    Mahama established Exim Bank to tackle cedi depreciation – Terpker

    • Mahama tackled woes of cedi with Exim Bank, former finance minister Seth Terkper has said • He believes an Exim Bank is necessary to shore up the cedi • Mr Terpker said John Dramani Mahama in 2016 established the Ghana Export and Import Bank to turn the …

    Source: Ghana MMA - Neutral
  • Published on Jun 8, 2021

    Mahama tackled woes of cedi with Exim Bank – Terkper

    Former Finance Minister Mr. Seth Terkper has explained what the Mahama administration did in its attempt to strengthen the local currency, the cedi, against the major trading currencies especially the dollar. Just as many developed economies around the …

    Source: Ghana MMA - Neutral
  • Published on May 31, 2021

    Bank of Ghana’s 100th MPC press conference

    Ladies and Gentlemen of the Media, let me welcome you all to this Press Conference. This Press Conference is special because it marks the 100th meeting of the Monetary Policy Committee since November 2002 when the first meeting was held. It is also special …

    Source: Ghana MMA - Neutral
  • Published on Jun 4, 2021

    Ghana at 'Advanced Stages' With Digital Cedi, Central Bank Governor Says

    The Central Bank of Ghana is “in the advanced stages of introducing a digital currency,” Gov. Ernest Addison said during a press conference in Accra earlier this week.The West African country boasts one of the first central banks on the continent to say it …

    Source: Big News Network - Neutral
  • Published on May 31, 2021

    Plans far advanced with Ghana’s e-currency regime

    • The BoG Governor has said phase one of the e-cedi will be rolled out soon • Ghana Commercial Bank is authorized to issue the e-money • Currently, the country is undergoing a digitization phase and the mobile banking sector is booming Ernest Addison, the …

    Source: Ghana MMA - Neutral
  • Published on Jun 14, 2021

    Goldman Sachs predicts further policy rate cut in 2021

    The economics research department of Goldman Sachs, the global investment bank, is predicting that the Bank of Ghana (BoG) will cut the policy rate by a further 200 basis points (bp) by the close of the year. Earlier this month, the Monetary Policy …

    Source: Ghana MMA - Neutral
  • Published on May 25, 2021

    Forex bidders reject long tenured future deliveries

    The most recent forward foreign exchange auction, conducted by the Bank of Ghana on Tuesday, once again reaffirmed the confidence of foreign exchange users and their banks who bid on their behalf that the cedi’s exchange rate against the United States …

    Source: Ghana MMA - Neutral
  • Published on May 23, 2021

    Less than 2% of women in Ghana are engaged in forex trading

    • 1 out of 200 online forex traders in Ghana is female • This was revealed in a research conducted by Women in Forex • The report estimated that the cost of underutilization of online forex trading market to be US$200 million annually Women in Forex’s …

    Source: Ghana MMA - Neutral
  • Published on May 21, 2021

    Invest in security systems, tools to avert fake currency circulation – E-Crime Bureau

    File photo of Ghana Cedi NoteS • Mobile money agents have been urged to adopt tools to aid them to detect fake currencies • The move according to the E-Crime below will avert fake currencies from circulating • Eric Kweku Mensah called for an intensified …

    Source: Ghana MMA - Neutral
  • Published on May 19, 2021

    Cedi records no loss of value in five consecutive months

    The local currency continues to maintain its good form over major trading currencies, as data shows it has – for the first time in memorable history – recorded no loss in value for five continuous months against the US dollar: a feat that can be attributed …

    Source: Ghana MMA - Neutral
  • Published on Apr 3, 2021

    Ghana Cedi emerges Best African currency for 1st quarter of 2021

    This year's first quarter performance of the Ghana cedi against the dollar is similar to its 2020 performance. The Ghana cedi was ranked among 15 important African currencies including the Egyptian pound, Nigerian naira and South African rand. A Senior …

    Source: Pulse - Uncategorized
  • Published on Jun 13, 2021

    Man vows to ride bicycle he bought 32 pesewas 40 years ago till he dies

    An elderly man, Ibrahim Maliki, who hails from Kano State in Northern Nigeria says he has been riding his bicycle for 40 years now. According to the 68-year-old man, he wants to ride the bicycle till it is time for him to meet his maker. In an interview …

    Source: Ghana MMA - Neutral
  • Published on May 7, 2021

    Cedi Strengthens Against Dollar –

    The local currency THE GHANA Cedi strengthened to 5.7700 against the US dollar from 5.7850 this week amid implementation of newly reviewed taxes on fuel. AZA Finance, Africa’s largest non-bank currency broker by trading volume at over $1 billion annually, …

    Source: Ghana MMA - Neutral
  • Published on May 7, 2021

    Poor handling of COVID-19 by U.S sees Pound strengthening against Dollar, Cedi and others –

    Despite the impressive performance of the Ghana Cedi against its major trading currency the U.S Dollar in the past few years, the currency appears to be struggling against the British Pound Sterling and the Euro. Although the Cedi in 2019 lost nearly 13 …

    Source: Ghana MMA - Neutral
  • Published on May 10, 2021

    The cedi has exposed you big time – Captain Smart mocks Bawumia

    Broadcaster Captain Smart “If the fundamentals are weak, the exchange rate will expose you” is one of the many profound quotes ascribed to Vice President Mahamudu Bawumia. This statement which was made in 2014 was meant to highlight the cause of the cedi …

    Source: Ghana MMA - Neutral

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