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Tag: Cedi

Africa Business Ghana West Africa World 

Ghana cedi makes extraordinary gain in months

Elwin Mandowa, , , , , ,
– – Ghana’s local currency the cedi has gained more than 12% against the US Dollar to hit its strongest level in two and a half months. This was after the country reached a staff-level agreement over $3 billion with the International Monetary Fund. The currency strengthened to 9.5 to the dollar in a fourth straight session of gains, though… Read More
Africa Business Featured Ghana World 

Ghanaian traders close shops in protest of high cost of doing business

Elwin Mandowa, , , , , , , , ,
– – Members of the Ghana Union of Traders Association (GUTA), have closed their shops across the country in protest of the high cost of doing business in recent times. Their leaders tell Africa Feeds that the shops would be closed until Monday, October 24. They also insist that the continuous plummeting of the Ghanaian currency, the Cedi on the… Read More
Africa Ghana West Africa World 

Ghana: Shortages loom as traders close shops to protest economic hardship

Elwin Mandowa, , , , , , , ,
– – There could be shortages of some goods in Ghana in the coming weeks as traders close down shops. The distress action is an initiative of the Ghana Union of Traders Association(GUTA) to protest government’s handling of the country’s current economic challenges. According to GUTA the depreciation of the local currency the cedi has eroded the capital of its… Read More
Africa Business Ghana West Africa World 

Ghana warns citizens against unlicensed loan firms

Elwin Mandowa, , , , , , , ,
– – Ghana’s central bank has cautioned the public against going to loans from unlicensed entities providing of loans to consumers. According to the bank of Ghana 19 of such firms are operating in contravention of the the country’s Banks and Specialised Deposit-Taking Institutions Act, 2016. These illegal firms mostly employ the use of mobile applications and social media in… Read More