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.

Recent Business

Gold mine. Photo by István Mihály @ Pixabay
Mali recovers $1.2bn from mining giants in sovereignty push
Read More »
Contactless payment system. Photo by SumUp @ Unsplash
Why Fintech is Africa’s sure bet to drive economic growth in 2026
Read More »
Street market in Kaduna, Nigeria. Photo @Pexels
Nigeria’s economy poised for strong 2026 recovery amid inflation drop, oil rebound
Read More »

Recent Politics

US Marines and Sailors being transported by Marine Aerial Refueler Transport Squadron 352. Photo by Joel Rivera-Camacho @ Unsplash
US Christmas airstrikes on Nigeria may alter political equation for Tinubu
Read More »
don-jackson-wyatt-sbhubyl7lWI-unsplash
US launches deadly airstrikes against terrorist groups in Nigeria
Read More »
African election. Photo by Mikhail Nilov @ Pexels
East Africa’s electoral bodies face credibility test over disputed polls
Read More »

Latest Posts

Latest news insights