Tag: cedi stability
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BoG Governor confident of cedi’s stability in 2021 after 3.8% depreciation in 2020
Governor of the Bank of Ghana, Dr. Ernest Addison is confident the reserves it has amassed so far, coupled with other measures to be implemented by the government in 2021 should see the local currency remaining stable throughout this year. The cedi which depreciated by 3.8 percent against the dollar in 2020, outperformed many of…
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Coupon rate for 2020 Eurobond must be within 8 percent – Prof. Assibey
Economist, Prof. Eric Osei Assibey, has suggested that government must work to attract an interest rate within the region of eight percent for its Eurobond expected to be issued later this week. His comment comes ahead of the start of the 2020 Eurobond roadshow to engage potential investors. A government delegation led by the Minister…
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FX forward sale: BoG accepts $40m in January 28 auction
The Bank of Ghana’s auction committee accepted less than fifty percent of the total amount of bids submitted by banks in the forex forward sales for Tuesday, January 28, 2019. The forty million dollars accepted by the Central bank is about 38 million dollars less than the amount the banks bid for. Results published by…
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Cedi stability, cost of clearing top concerns for businesses ahead of 2020 budget – KPMG report
The stability of the cedi, cost of clearing at the ports as well as Ghana’s tax systems have emerged as key concerns for businesses ahead of the presentation of the 2020 budget and economic policy of the government. A survey by auditing firm, KPMG has shown that the ability of the government to address these…