COVID-19 pushes cash lite agenda in Ghana

COVID-19 pushes cash lite agenda in Ghana

Despite the coronavirus pandemic causing a lot of havoc to all economies around the world, there is some positive news coming from Ghana as the fear of the virus has encouraged the use of electronic platforms for business transactions. Data from the country’s central...
Ghana to introduce digital currency

Ghana to introduce digital currency

The Bank of Ghana says it is still considering the option of introducing a digital cedi for the country to promote the cash lite agenda. First Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku-Afari has said that despite the introduction of several policies to...
Ghana’s GDP grows by 6.5% in 2019

Ghana’s GDP grows by 6.5% in 2019

Ghana’s total output for last year has shown a marginal improved growth over that of 2018 as figures from the Ghana Statistical Service (GSS) indicate the economy grew by 6.5 percent, largely driven, once again, by oil. The growth is a 0.2 percentage point higher than...
Coronavirus wipes away Ghana’s cedi gains

Coronavirus wipes away Ghana’s cedi gains

Despite all the gains the local currency made against its major trading currencies at the beginning of the year, especially the United States dollars, the impact of the coronavirus pandemic has washed all away, causing the cedi to lose its strength. The cedi, which...