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

Oil rig. Photo @ Pixabay
Senegal markets 2.93m barrels of oil in November as Sangomar output stabilises
Read More »
Independence Arch, Accra, Ghana. Photo by Nana Kwandoh @ Unsplash
Ghana’s economy grows 5.5% in Q3 as services and agriculture offset oil slump
Read More »
Copper mine. Photo by Jandira Sonnendeck @ Unsplash
DR Congo reshapes copper and cobalt exports with US-backed Mercuria deal
Read More »

Recent Politics

African military exercise. Photo by Alexander McKinley @ Unsplash
Can a US-brokered deal finally end the DRC - Rwanda conflict?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin coup attempt foiled as ECOWAS warns of regional force deployment
Read More »
William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Ruto strengthens 2027 re-election bid as UDA sweeps key Kenya by-elections
Read More »

Latest Posts

Latest news insights