The Bank of Ghana (BoG) has said that it remains fully committed to providing stability in the exchange rate for the cedi. The Governor of the Bank of Ghana, Dr Ernest Kwamina Addison, stated that enough foreign exchange reserves to support the market and economic agents should stop engaging in …
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The Bank of Ghana (BoG) has said the two forex bureaus whose licences were revoked on Thursday (27 October) may not be allowed back into the forex market. The BoG on Thursday revoked the licences of Airport City Forex Bureau within the Atlantic Tower Building and Trade House Forex Bureau …
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The depreciation pressures on the Ghana cedi continued relentlessly today as the local currency sold at ¢11.62 pesewas in the retail market. This is almost 6% depreciation since Friday, October 7th. Checks by Joy Business at some forex bureaus indicate that the supply of dollars in circulation is insufficient. …
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