Search

Ghana’s Central Bank Pledges to Bolster Ghana’s FX Reserves as Cedi Slumps

Allen dreyfus Logo
© Allen Dreyfus
  • Ghana’s central bank plans to boost foreign exchange reserves to stabilize the rapidly depreciating cedi.
  • The bank introduced measures like a dynamic cash-reserve ratio and a commercial paper market to support economic stability.

 

Ghana’s central bank has vowed to shore up the nation’s dwindling foreign exchange reserves to support the embattled cedi amid mounting pressures on the forex market.

You need an active subscription to continue reading this article.

Recent Business

john-middelkoop-j67BWwvS9h8-unsplash
Namibia positions itself as a green hydrogen contender despite export hurdles
Read More »
jakub-zerdzicki-8wLZi9OhsWU-unsplash
Tinubu’s tax reform falls short of ambition after resistance from northern states
Read More »
silhouettes-6576684_1920
Inside the AfDB’s Next Chapter: Debt, Diplomacy and the Tah Doctrine
Read More »

Recent Politics

jakub-zerdzicki-8wLZi9OhsWU-unsplash
Tinubu’s tax reform falls short of ambition after resistance from northern states
Read More »
silhouettes-6576684_1920
Inside the AfDB’s Next Chapter: Debt, Diplomacy and the Tah Doctrine
Read More »
kofi-bhavnani-4c-k7vendbg-unsplash
Public anger mounts in Ghana over new fuel levy to tackle energy debt
Read More »

Latest Posts

Latest news insights