After showing some strength against the American dollar all of last week, the Ghana cedi started this week, Monday, November 7 with a terrible poor showing.
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“Fellow Ghanaians”: Akufo-Addo to address the nation on economic challenges
Nana Akufo-Addo will address Ghanaians on Sunday, October 30, 2022 on measures his government will be using to tackle the biting economic challenges at 8pm.
Cedi-Dollar depreciation: Local currency strengthens again; $1 now trades for GH¢14
The cedi has appreciated to the US dollar for the second consecutive day. The local currency is now trading at $1 to GH¢14 at forex bureaus across the country.
Transport fares: GPRTU to increase prices by 19% from Saturday, October 29
Officials of the Ghana Private Road Transport Union (GPRTU) have announced an increment in transport fares by 19% with effect from Saturday, October 29, 2022.
Debt crisis looms in Ghana - Prof Hanke predicts
John Hopkins University economics professor Steve Hanke has said Ghana is highly susceptible to a debt crisis in the coming days as cedi depreciation worsens.
IEA economist backs Prof Hanke’s currency board proposal to save falling cedi
Prof Hanke's proposal for Ghana to set up currency board has gotten the support of Dr John Kwakye of the IEA. He said Prof Hanke's proposal is worth considering
Cedi-dollar depreciation: Dr Bawumia, cabinet, BoG, commercial banks and forex bureaus to hold crunch meeting – Oppong Nkrumah
Information Minister, Kojo Oppong Nkrumah has revealed that cabinet, the Dr Bawumia-led EMT, banks and forex bureaus are set to meet over the cedi depreciation.
Nestlé Ghana giving its permanent employees free GH¢7,500 plus October salaries due to harsh economy
Nestlé Ghana will pay its permanent local employees a free one-off lump sum of GH¢7,500 in addition to their October salaries amid the country's economic gloom.
Cement bag now selling at GH¢85 as cedi fall hits manufacturers
Ghanaians are in for a long bout of hardship as the depreciation of the cedi against the dollar has hiked the price of 50kg cement bag by up to 10% within weeks
IMF Bailout: Gov't, Fund to attain Staff-Level Agreement Programme by end of year for economic growth
The Government of Ghana and the International Monetary Fund (IMF) have agreed on a Staff-Level Agreement Programme to lift the country from its economic gloom.
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