Tag Archives: currency

Just some three months after Ghana gained independence on March 6, 1957, the rivalry between Dr. J. B. Danquah’s National Liberation Movement (NLM) and Dr. Kwame Nkrumah’s Convention People’s Party (CPP) simply could not go away, manifesting into a much broader situation that led the then opposition holding a press conference regarding …

Many people think that the US dollar is the strongest currency in the world. The US dollar is the most traded in terms of margin, but not the strongest currency, according to a recent report by Legit.ng. The Kuwaiti Dinar emerged as the strongest currency in a survey conducted by …

Majority Leader in Parliament and Minister for Parliamentary Affairs Osei Kyei-Mensah-Bonsu has justified the decision by the Bank of Ghana(BoG) to build a new headquarters. According to him, building a new headquarters for the BoG will in the future serve as a Headquarters for ECOWAS’ new currency ECO when it is successfully …

The case of money spraying by a parliamentary aspirant has caught the eyes of the Ghana Police Service. They have announced that a team of experts are looking into the conduct of the National Democratic Congress (NDC) aspirant Juliana Kinnan Wassan during the May 13 primaries. The last time the …

Kenyan president William Ruto has announced that the dollar exchange rate in the East African nation will plummet soon citing a number of economic interventions. Key among them is that his country was currently buying their fuel needs in the local Kenyan Shillings from some suppliers. In a video circulating …

Electricity price in Kenya has risen by 10 percent in the latest monthly adjustment due to higher fuel prices and a weaker local currency. The Energy and Petroleum Regulatory Authority (Epra) has raised the fuel cost charge (FCC) to Ksh8.3 ($0.064) per kilowatt-hour (kWh) up from Ksh6.59 ($0.051) per unit …

South Sudan’s government has suspended the use of the US dollar and instead directed all transactions be executed in the local currency, the South Sudanese pound (SSP), in a move feared to stifle economic activity in the war-ravaged economy. Most transactions in the country are carried out using the US …

Ghana hasn’t always had the Cedi as its legal tender – currency. As a colony of the British whose currency is the British Pounds, the country had to be given a currency in line. In the 50s countries under the British Colony were using the British West African Pound which …

Mazen Farakh, a Ukrainian national who has been on the wanted list of the police for alleged fake currency trafficking, has been arrested. The suspect, who is alleged to have moved a total of $65 million in fake currency out of Ghana to various destinations was picked up by the …

In the midst of a depreciating currency, past views of members of the governing New Patriotic Party, NPP, have often become topical. Past social media posts – Twitter and Facebook – on the performance of the Ghana cedi has often been dug up to point to how critical NPP leaders …