The Bank of Ghana has released additional 100 million dollars onto the market today to shore up the value of the cedi. This is mainly in response to the increased demand by commercial banks which have complained of inadequate dollars for their operations.
This latest release brings the total amount of dollars released by the central bank over just the last two weeks to about 600 million dollars.
Meanwhile the cedis today recorded some marginal gains against the dollar. You would now need 1cedi 70 pesewas to buy a dollar on the Forex market.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Haruna Iddrisu for Education Ministry as Mahama nominates 9 more ministers
3 minutes -
Abla Dzifa Gomashie appointed minister-designate for Tourism, Culture and Creative Arts
11 minutes -
Christmas festivities: Retail sales value increased by18% – Maverick Research
14 minutes -
Real estate development, construction drive economy growth, create jobs
23 minutes -
Scrapping betting tax is a step forward; it was counterproductive – Sammy Awuku
36 minutes -
Record label hits back at ‘illogical’ Drake lawsuit
46 minutes -
I have always been against betting tax – Sammy Awuku
48 minutes -
Ghana drops to 13th in Africa with lowest fuel price
58 minutes -
Hallel Praise: Pastor Edwin Dadson drops medley jam with Joe Mettle
1 hour -
How Mahama can help save Ghana’s dying textile industry
1 hour -
Mahama Ayariga to replace Ato Forson as Majority Leader
1 hour -
Cost of transporting foodstuffs a major contributor to high inflation – GSS reveals
2 hours -
U.S. Senator wants Ghana to pay off debts to American companies with IMF funding or…
2 hours -
Ghanaian Sakafia Islamic SHS wins the 2025 Zayed Sustainability Prize
3 hours -
Pack of ‘hungry’ dogs kill Nigerian woman in Italy
3 hours