Tag Archives: Forex

Tanzania’s president has said her country’s East African neighbours are facing a foreign currency reserve crisis. President Samia Suluhu Hassan said Tanzania had received requests to offer guarantees for their fuel imports. She made the remarks on Wednesday while discussing Tanzania’s economic footing. Quote Message: We have [foreign currency] reserves …

The Bank of Ghana (BoG) on Thursday, October 27, 2022, revoked the licenses of two forex bureaus in Accra. Airport City Forex Bureau and Trade House Forex Bureau Ltd were the affected forex bureaus. According to the Head of Other Financial Institutions Supervision Department of the Central Bank, Yaw Sarpong, the two …

The Bank of Ghana has sounded a strong warning to forex bureaus operating in the country, that any breach of the regulations under which they work will result in their closure or severe sanctions against them. The move is to stop all deliberate market practices that are fuelling the cedi’s fast depreciation, …

The Dangote Group has disclosed that it would soon stop accessing foreign exchange (forex) from the Central Bank of Nigeria (CBN). The conglomerate has also revealed that it would expand its operations into the steel sector. Group Managing Director, Dangote Group, Olakunle Alake, made this disclosure during a panel discussion …

In the beginning, was the word, and the word was with God, and the word was God. This famous bible verse implies that the creation of the world was based on the sayings of God. In parts of the world, especially Ghana, most people ascribe anything to the dogmatic principle …