Search

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

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.

Recent Business

Rwanda motorists Photo @ Pixabay
Rwanda holds 6.75% key rate as inflation eases
Read More »
Fresh lemons at the market. Photo by Engin Akyurt @ Unsplash
South Africa’s citrus exports soar 22% in record-breaking global season
Read More »
Abiy Ahmed and Vladimir Putin witness the signing of the deal. Image courtesy @ Office of the Prime Minister of Ethiopia.
Ethiopia signs key trade deals as WTO accession bid gathers momentum
Read More »

Recent Politics

Nnamdi Kanu (in trademark white turtle neck shirt) in court | File photo @ The Cable
Nigeria jails separatist leader Nnamdi Kanu for life, deepening tensions
Read More »
Fishing near the Indian Ocean. Photo by Egle Sidaraviciute @ Unsplash
Uganda’s Museveni sparks regional tensions with Indian Ocean claim
Read More »
Kenya's ODM split over age, factions and 2027 political strategy. Photo @ The ODM Party/Facebook
Can Oburu Oginga hold Kenya’s ODM together after Raila Odinga’s death?
Read More »

Latest Posts

Latest news insights