Foreign exchange market
Egypt’s Pound Strengthens As Demand For Dollars By Importers Eases
Egypt pound has strengthened slightly at banks as demand for dollars slightly goes down. A dollar was being exchanged...
Currencies Crushed In 2016
2016 has been a roller coaster of a year, and currency markets are no exception. A few countries have fared well, but...
Some of Africa’s Currencies Struggled In 2016
From a fall in Zambia’s Kwacha blamed on halted mining production to a plummet of Nigeria’s naira due to a chronic...
Most Foreign Awards Are Bribes To Drain Africans Economy
So every country manipulates their currencies either by easing and tightening interest rates or using stimulus to boast...
Asian Flash Surge Takes Euro To $1.07
A short-lived surge in the euro dominated this year's last day of trade in major foreign exchange markets on Friday,...
Dollar Inches Higher In Holiday-Thinned Trade
The dollar inched higher against the yen and a handful of other major currencies on Tuesday in trade curtailed by...
Iran Allows Free Foreign Exchange At Banks In Move To Unify Rates
Iran authorized some banks on Saturday to deal in foreign exchange trading at a free-market rate, the central bank...
Dollar Hits New 14-Year High, Dow Sets Sights On 20,000
The dollar hit a 14-year high on Tuesday as the yen fell after the Bank of Japan stuck to its ultra-loose monetary...
China Dumps U.S. Debt To Prop Up Its Currency
China has lost its crown as the United States' biggest overseas creditor. That title now belongs to Japan. Beijing has...
Bayport Announces Good Performance On GAX
Bayport Financial Services has announced good performances on the local bourse after the company listed on the Ghana...
Treasury Securities Continue To Slide
Yields on treasury securities continued their downturns as government’s appetite for short term securities declines....
Illegal Forex Business Booms
Whiles Licensed Forex Bureau operators are struggling to keep up with their businesses , the businesses of illegal...
Dollar Auction May Least Control Cedi Depreciation – Economist
As the Bank of Ghana prepares to commence its first dollar auction to banks through a competitive bid, some financial...
Dollar Auction May Least Control Cedi Depreciation
As the Bank of Ghana prepares to commence its first dollar auction to banks through a competitive bid, some financial...
Bank Treasurers Blame Cedi Depreciation On Increased Retail Demand
Treasury units of commercial banks have attributed the current marginal depreciation of the cedi to an increase demand...
GCNET Updates Platform For Tracking Export Proceeds
Exporters, who defy the current procedure of channelling proceeds via the electronic Ministries Department and Agency...
New BoG Foreign Exchange Auction Rules
The Bank of Ghana (BOG) has announced regulations to govern the conduct of competitive multiple-price foreign exchange...
The Cedi’s Rising Fortunes
Ghana's national currency, the cedi is on the brink of completing a record-breaking year, and even the currency...
State Security Raids Nigerian Currency Dealers
Currency dealers were accused of exchanging naira at a rate lower than 400 naira to $1. Nigerian intelligence agents...