Tag Archives: Exchange rate

A nationwide coalition of traders’ associations has issued an urgent plea to the government, calling for swift action to stabilize the exchange rate and seeking a reduction of the rate of US$1 from GH¢15.50 to GH¢ 10.00. This adjustment is considered crucial for the sustainability and growth of small and …

The Monetary Policy Committee of the Bank of Ghana has increased the policy rate – the rate at which it lends to commercial banks – by 2.5% per cent to 17%. This is the first time since November 2018 that the rate has gone up so high. The decision is …

Vice President, Dr. Mahamudu Bawumia, has said that the management of the cedi against other foreign currencies on the exchange front by the President Akufo-Addo led administration, has been one of the best by any government in its first term, since 1992. According to him, the performance of the cedi …