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

Photo by Mufid Majnun on Unsplash
From red flags to green lights: Africa’s financial reboot wins global trust
Read More »
Johannesburg, South Africa. Photo by Ingo Stiller @ Unsplash
Can South Africa’s fiscal tightening revive investor confidence without stifling growth?
Read More »
Makkala nguzu Market, Choma, Zambia. Photo by Seiko Yamada @ Unsplash
Zambia inflation drops to 11.9% in October, lowest since 2023
Read More »

Recent Politics

US passport and visa on display. Photo by Global Residence Index @ Unsplash
Did Mali’s tough stance with the U.S. over visas pay off?
Read More »
Young protestors. Photo by Oladipo Adejumo @ Unsplash
Kenyan activists missing in Uganda after Bobi Wine rally sparks outcry
Read More »
Worsening floods, droughts as a result of climate change hit Africa. Photo by Matt Palmer @ Unsplash
Rwanda targets $12bn to tackle climate crisis and cut emissions by 53%
Read More »

Latest Posts

Latest news insights