Ghana is set to receive the second tranche of a $600 million disbursement from the International Monetary Fund (IMF), as confirmed by the Finance Ministry. The announcement came as Finance Minister Ken Ofori-Atta disclosed that the IMF has granted approval for all necessary financing assurances from Ghana’s official creditor. Explaining further, Minister Ofori-Atta stated that the approval of the first ...

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 ...