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The second cedi was initially pegged to sterling at a rate of ₵2 = £1. However, within months, the second cedi was devalued to a rate of ₵2.45 = £1, less than the initial value of the first cedi. This rate was equivalent to ₵1 = 0.98 U.S. dollars and the rate to the dollar was maintained when sterling was devalued in November 1967 ...
(Bloomberg) -- Africa’s second-most aggressive monetary authority after Zimbabwe is set to show Ghana’s resolve once again by raising interest rates at its final meeting of the year to boost ...
The spot exchange rate is the current exchange rate, while the forward exchange rate is an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. In the retail currency exchange market, different buying and selling rates will be quoted by money dealers. Most trades are to or from the local currency.
The E-Cedi is part of a project called the 'Digital Ghana Agenda'. Its goal is the digitization of Ghana's 30 million people, and government services. The E-Cedi is to complement the Ghanaian cedi, and serve as an alternative to physical cash, and the 'Cashlite Agenda'. [5] The three phases for the E-Cedi are design, implementation, and piloting.
"Monetary Growth, Inflation and Exchange Rate Policy in Ghana" Research Department, Bank of Ghana, Journal of the West African Monetary Institute, 2003. "The Transmission Mechanism for Monetary Policy in Ghana", with Philip Abradu-Otoo, Bank of Ghana Policy Paper, August 2003. "The Determinants of Exchange Rates in Ghana", with Zakari Mumuni.
The transfer rate is 1 Ghana Cedi for every 10,000 Cedis. Ghana became the largest gold-producing country in Africa after overtaking South Africa in 2019. [28] The country is also the second-largest cocoa producer (after Ivory Coast). [29] Ghana is rich in diamonds, manganese or manganese ore, bauxite, and oil. Most of its debt was cancelled in ...
In November 2019, YEN.com.gh received the title of Best Online News Portal at the National Communications Awards in Accra, 2019. [10]According to Alexa Top Sites rankings by country, Yen.com.gh ranks thirteen in Ghana and is very popular among Ghanaians and people in the United States, United Kingdom, Canada, Italy, South Africa, Netherlands, France and many other countries.
The Ghana News Agency (GNA) is a Ghanaian state-owned news agency that was founded in 1957 by Kwame Nkrumah. Donald Wright, who was seconded by the Reuters News Agency set up the Ghana News Agency and in 1961 President Nkrumah appointed Dr. Goodwin T. Anim as the GNA's first General Manager. [ 1 ]