French authorities are looking into Binance, the biggest cryptocurrency exchange in the world, according to French media sources. The focus of the probe is on its anti-money laundering policies. It comes following the company’s declaration that it was leaving the Netherlands after trying unsuccessfully to get a license from the Dutch central bank. Binance…
Ghanaians have been warned by the Central Bank not to borrow money from 19 unauthorised institutions. On August 22, 2022, it issued a statement that read, “The Bank of Ghana has noted that certain unlicensed organisations are giving loans to Ghanaians in violation of the 2016 Banks and Specialized Deposit-Taking Institutions Act (Act 930). These…
On December 4, 2022, Minister of Finance Ken Ofori-Atta announced a Domestic Debt Exchange, with the understanding that specifics of the aforementioned programme will be revealed today, December 5. In his four-minute speech, he made three main points, one of which was, “There will be NO haircut on the principal of bonds.” Following debate over…
According to the 2023 budget statement from the Ministry of Finance, Ken Ofori-Atta, Ghana’s national debt has increased by GH93 billion ($6.53 billion at the current exchange rate) since the start of 2022 due to the depreciation of the Ghanaian cedi alone. The depreciation of the Ghanaian cedi alone has raised Ghana’s national debt…
Despite the ongoing depreciation of the Cedi, Finance Minister Ken Ofori-Atta has reassured Ghanaians that the country’s economy is doing well. Speaking to an Asaase Radio journalist in Accra from Washington, where he is in charge of a team negotiating with the IMF, the Minister called the devaluation rate “perplexing.” However, he issued a warning…
On the Interbank forex rates from the Bank of Ghana today, August 23, 2022, the Ghana Cedi is exchanging against the dollar at a purchasing cost of 8.1900 and a selling cost of 8.1982. When contrasted with the previous exchanging of a purchasing cost of 8.1450 and a selling cost of 8.1532. At…
Experts said any further deferrals to the ethereum redesign could crash the huge meeting. Ether additionally hit its new coming up short on June 19 at $880.93, yet has flooded 106% from that point forward. The gigantic uniqueness in execution in the two digital forms of money boil down to one main consideration: a major…
The Cedi traded against the dollar at a mid-speed of 8.0991 Its trade regard against the Pounds Sterling was at a mid-speed of 9.7542 The Euro’s mid-rate stays at 8.2366 Note that these rates might be different at a forex department close to you. Our forex authority rates are given by Afriswap Bureau De…
Stocks making the biggest moves premarket: Honest Company, Rivian, Illumina and others
