Search

Ghana tightens forex rules on oil and mining firms to protect cedi

Subscriber only Subscriber only
Oil production site. Photo by Zukiman Mohamad @ Pexels
Oil production site. Photo by Zukiman Mohamad @ Pexels
  • Bank of Ghana bans cash dollar payouts to bulk oil distributors and mining companies
  • Move comes despite cedi ranking among Africa’s best-performing currencies in 2025

 

ACCRA, GHANA – Ghana’s central bank has tightened rules on foreign currency payments to large corporates in an effort to protect the cedi, even as the currency posts gains on the continent this year.

You need an active subscription to continue reading this article.

Recent Business

Copper mine. Photo by Jandira Sonnendeck @ Unsplash
Zambia’s First Quantum $1.25bn expansion to double copper output
Read More »
Oil production site. Photo by Zukiman Mohamad @ Pexels
Ghana tightens forex rules on oil and mining firms to protect cedi
Read More »
nupo-deyon-daniel-67ruAEYmp4c-unsplash
Nigeria treasury bill yields rising as liquidity crunch pressures CBN auction
Read More »

Recent Politics

Photo by Omotayo Tajudeen © Unsplash /Nigeria
Nigeria arrests Al-Qaeda-linked rebels disrupting food supply
Read More »
Kenya youth protest @ Unsplash
Kenya’s Gachagua cuts short U.S. trip as political feud with Ruto heats up
Read More »
Kenya youth protest. Photo by Hassan Kibwana @ Unsplash
Is U.S.-Kenya tension over Sudan rebel links really about China?
Read More »

Latest Posts

Latest news insights