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Tag Archives: reserves

I did not anticipate that government will burn through its reserves to revive the cedi – Bright Simons

Vice President of policy think tank IMANI Africa has stated his amazement about the current fast run of the cedi against the dollar. According to him, it came as a surprise to realize that the government is using its reserves to strengthen the cedi against the dollar. In a tweet …

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Bank of Ghana allays fears on depleting foreign reserves

The Bank of Ghana Governor, Dr. Ernest Addison, has calmed nerves over the country’s depleting foreign reserves, saying once polices outlined by government and the Bank start bearing fruit the situation will come back to normal. According to the Summary of Economic and Financial Data (November 2022) published by the …

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Cedi woes show BoG has no dollar reserves – Isaac Adongo

MP for Bolgatanga Central Constituency, Isaac Adongo, has clapped back at the Bank of Ghana after over he calls “cooked reserves.” Ghana’s cedi has been on a depreciation spree since the beginning of this year. As of Friday, March 10, 2022, the dollar was selling at GH¢7.65. This according to the business community …

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Forest reserves threatened by Fulani herdsmen in Bono region

Tens of thousands of cattle have virtually taken over five out of the seven forest reserves within the Sunyani forest district, contrary to Forest Protection ACT 1974, (ACT 243) as amended by the Forest Protection ACT, 2002 (ACT 624). Per the ACT, it is completely illegal for any domestic animal …

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