The Investment and fund management firm Databank has announced the closure of its offices effective Thursday, December 22, and to work remotely following attacks and threats on its staff. A statement issued Wednesday by the company said it has not been spared the liquidity challenges that have beset the fund …
Read More »Cedi Now Selling Above ¢6, But Analysts Assure There’s No Cause For Alarm
The Ghana cedi is now trading above 6 cedis as demand for the American ‘greenback’ continues to surge. Data from Reuters and Databank Research indicates that a dollar is going for more than ¢6. Also, the forex bureaux are selling the local currency between ¢6.1 and ¢6.14 to a dollar. …
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