11 stories tagged “foreign exchange”.
The Ghana Gold Board said it sold US$130 million on the spot market at GH¢11.60 per dollar to ease dollar liquidity and strengthen the local currency after three weeks of appreciation.
Economist Dr Theo Acheampong explains how the new Spot FX Sales and Intermediation Scheme will let banks forecast dollar needs while the Bank of Ghana keeps a close eye on cedi volatility.
The central bank has issued a directive requiring exporters to channel all earnings through formal banks to bolster foreign‑exchange reserves and curb inflation.
CEO Sammy Gyamfi told Parliament the board is on track to surpass its 2025 benchmark of US$10.8 billion and hit gold purchase and export goals.
IC Insights warns that falling foreign exchange buffers and tight fiscal policy could push the Ghanaian cedi further against the dollar, amid rising import costs and a looming Eurobond service.
Governor Johnson Asiama urged banks to tighten controls and documentation amid a new compendium that will clarify foreign‑exchange requirements.
The Ghana Gold Board surpassed its $1.4bn goal, generating $1.871bn from ASM sales and sending $701.3m to banks and $1.170bn to the Bank of Ghana.
The University of Ghana Business School professor warns that the fall in gross international reserves exposes vulnerabilities, especially as gold exports face global pressure.
Bank of Ghana chief assures firms that recent currency moves are controlled and part of a broader economic strategy.
The central bank projects the local currency will hold firm for the rest of 2026, citing foreign‑exchange interventions and remittance inflows as key stabilisers.
The Central Bank will sell only US$500 million in foreign exchange this month, down from previous targets, amid a surge in FX receipts from GoldBod and artisanal mining.
The bank’s chief information security officer warned Ghanaians not to share passwords, PINs or card details with anyone claiming to represent trusted institutions, and urged people to double‑check any urgent requests.
Three former NDA executives and a private businessman were found guilty of seven corruption counts linked to Infrastructure for Poverty Eradication Programme contracts, the High Court in Tamale ruled.
A 21‑year‑old illegal miner, Emmanuel Boakye Mensah Bekoe, was remanded by the Nkawie Circuit Court after police alleged he stole a television, fridge, laptops and cash from Asuowin D/A Junior High School.
The party in Walewale rebukes remarks by Hakim Oil that called MP Dr Tia Abdul‑Kabiru Mahama a "woman" and urges discipline amid upcoming elections.
The Ghana National Association of Small Scale Miners says CEO Sammy Gyamfi’s comments were mis‑taken out of context and stresses the need to formalise artisanal mining.
The Belgian manager was rushed to a Munich hospital following a sudden collapse at the club’s training ground, raising concerns among fans and staff.
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