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 […]
Finance
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 […]
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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 […]
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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 […]
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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.” […]
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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 […]
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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 […]
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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 […]
