In a significant financial development, the Bank of Ghana (BoG) has successfully received the second tranche of Ghana’s bailout package from the International Monetary Fund (IMF), amounting to $600 million. The funds were officially credited to the Central Bank’s account on Tuesday, January 23, 2024, marking a crucial step in Ghana’s financial journey. With this transaction, the total amount received ...
During the initial week of 2024, the Ghanaian cedi exhibited unwavering stability against the US dollar, retaining its position at an exchange rate of ¢12.20. This consistency was mirrored across both the retail and interbank markets, where the cedi sustained its value against the dollar. However, the cedi experienced marginal declines against other major currencies, witnessing a 0.49% decrease against ...