Tag: black market
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Illegal Forex trading has reduced due to our policies – BoG Governor
The Governor of the Central Bank, Dr. Ernest Addison, has indicated to the Public Accounts Committee of Parliament, that activities of illegal Forex trading, also known as the Black Market, have reduced. This he attributes to better decisions taken by government in its management of the economy. “I think the pressure in terms of the…
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![‘Black market’ trade impeding cedi’s stability [Audio]](https://citibusinessnews.com/wp-content/uploads/2016/02/cedis-604x330-1.jpg)
‘Black market’ trade impeding cedi’s stability [Audio]
Forex bureau operators want the Bank of Ghana to clamp down on the growing operations of black marketers in the foreign exchange business. The illegal business has been cited as one of the major constraints to stabilizing the cedi. The comments come in the wake of debates on the need to stem the cedi’s losing…