Search

Ghana’s Central Bank Pledges to Bolster Ghana’s FX Reserves as Cedi Slumps

  • 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

breaking_news
Rwanda Inflation Slows, but Conflict in Congo Poses Economic Risks
Read More »
breaking_news
Egypt’s Inflation Cools for Third Consecutive Month
Read More »
Cellphone with webpage of African bank Ecobank Transnational Inc. on screen in front of business logo. Focus on center of phone display
Ecobank Partners With XTransfer to Enable African Businesses to Pay for Chinese Imports in Local Currency
Read More »

Recent Politics

generic-1-1024x683
Ghana Names Asiamah as Central Bank Governor as Addison Retires
Read More »
breaking_news
ECOWAS to Maintain Trade Ties with Burkina Faso, Mali, and Niger
Read More »
Ethiopia, Tigray Valley, day life
Cash Withdrawals Surge in Tigray Amid Instability Fears
Read More »

Latest Posts

Latest news insights