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 ...

The Ghanaian cedi faced a substantial 1.22% depreciation against the US dollar in the retail market last week, with the exchange rate now standing at ¢12.30 for every $1. In addition to its dip against the dollar, the Cedi experienced losses of 0.63% and 0.19% against the pound and euro, respectively, on the retail market. Interestingly, this occurred despite Ghana’s ...