1 hour ago APL claims vindication following IMF’s revelation of BoG’s $1.4bn forex support

Governance think tank, the Africa Policy Lens, says it has been vindicated by a recent revelation by the International Monetary Fund (IMF) that the Bank of Ghana pumped in dollars to support the recent stability of the Cedi. The IMF, in its latest review of Ghana's programme, revealed that the Bank of Ghana released $1.4bn forex support to sustain the Cedi against the US dollar.

Politics

6 d. ago IMF’s caution against artificial stability of Cedi vindicates our red flag – IERPP

The Institute of Economic and Research Policy Promotion (IERPP), says it has been vindicated by the IMF's expression of concern and caution to the government over its control of the stability of the Cedi. The Executive Board of the IMF, in its fourth review under the Extended Credit Facility Arrangement with Ghana, expressed concern about how the government has been pumping in forex to support the Cedi against major currencies, instead of allowing market factors to determine the stability of the local currency.

Politics

7 d. ago Mahama attributes cedi stability to reforms in gold trading sector

President John Mahama has credited recent gains in economic stability, particularly the strengthening of the cedi, to reforms introduced in the country’s gold trading sector as part of his administration's reset agenda.

Politics

1 week ago BoG reserves assets increased by a huge $708.9m to $1.1bn in April 2025; played a key role in cedi stability

Other investment was US$1.4 billion, driven largely by increased currency and deposits in the nostro accounts of the commercial banks.

Politics

2 w. ago Positive outlook for cedi despite losing some stability last week; year

However, it said the Federal Reserve’s late-July 2025 meeting will be pivotal to the cedi’s resilience, with market focus on policy signals that could steer dollar momentum and hint at whether the Fed maintains rates or shifts towards a cut that could weigh on the local currency.

Politics

3 w. ago Commitment to fiscal responsibility key to economic stability – Stanbic Bank’s Oforiwaa Attipoe

Stanbic Bank Ghana’s Manager of Global Market Sales, Oforiwaa Attipoe, is optimistic about Ghana’s chances of securing the fifth tranche of the International Monetary Fund (IMF) loan, a move expected to further stabilize the economy and strengthen the Ghanaian cedi. In an exclusive interview with CNBC Africa, Mrs. Attipoe noted that Ghana has met all […]

Economics

3 w. ago Africa World Airlines to reduce air fares by end of June 2025

Africa World Airlines (AWA) has hinted of reducing air fares by the end of June 2025. According to Godfred Essel, Brands and Communications Manager, the move is part of AWA’s efforts to make air travel more accessible and affordable for its customers. The action is also in line with the cedi’s stability against major trading […]

Politics

3 w. ago Mahama attributes Fitch upgrade of Ghana to prudent economic management

President John Dramani Mahama has attributed Fitch Ratings upgrade of Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-Minus’ with stable outlook from Restricted Default (RD) to prudent economic management embarked upon by the Government.

Politics