Snapshot on Africa Economic Performance By The Beginning of Q4 2022; So Far .
Nigeria As of the first quarter of 2022, Nigeria’s public debt rose to N41.6 trillion from N39.56 trillion recorded at the end of December 2021, putting enormous pressure on debt servicing. According to the International Trade Center, between 2020 and…
Nigeria Bitcoin P2P Volume In First Half Of 2022 Nears $400 Million. Kenya, Ghana Records Growth.
The latest released from the peer-to-peer crypto exchange platform Paxful, Nigeria’s bitcoin traded volumes in the first half of 2022 nearly topped $400 million. When combined with the $760 million in trade volumes which were seen in 2021, making Nigeria…
Ghana Increases Benchmark Interest Rate To An All Time Record, As The President Promises To Fight Cedi Fall.
Following the skyrocket inflation rate recorded by Ghana, the Bank of Ghana has devised measures to tame the tide by hiking the benchmark interest rate by 300 basis points. In addition to the rate hike, the central bank said it…
Bank Of Ghana Increases Interest Rate By 22% Over Rising Inflation, Forex Crisis.
Ghana Cedi is experiencing the worst performance in 17 years shedding further 2.7% in Monday. Ghana’s central bank on Wednesday delivered its biggest rate hike ever, a 300 basis point increase to 22% (GHCBIR=ECI), at an emergency meeting to address the…
Ghana Inflation Rises Further To 31.7 % All Time Record…, as Cedi Falls 30% Against Dollar.
Ghana’s inflation rate rose higher in the month of July 2022 from 29.8% recorded in June to 31.7% in July , the nation’s currency Cedi falls 30% against dollar since the inflation hike, becoming second worst performing currency in the…
More Woes For Flutterwave As Bank Of Ghana Opens Investigation for The African Fintech Start-up.
The Ghanaian government is looking into the financial record of Flutterwave, and has ordered financial institutions to provide details relating to the firm’s operational accounts. In a letter confidentially sent to the financial institutions, and dated July 13, the Bank…
Ghana Debt Default Risk Profile Ranked 2nd Globally.
Visual Capitalist latest report shows that, Ghana is now placed second on its list of countries with the highest default risk in 2022. Only four countries, namely, Ukraine 10,856 basis points (bps), Argentina (4,470), El Salvador (3,376), and Ethiopia (3,035)…
Ghana Inflation Hits 27% High for The First Time In 18 Years.
Inflation in Ghana by May 2022 increased to 27.6% within a year from 23.6% in April 2021, statistics agency data showed on recently, hitting a new 18-year high and marking a full year of skyrocket price growth. The central bank…
Ghanaian Cedi (GHS) Is Now Available Live On FTX Exchange.
FTX crypto exchange users can now deposit Ghanaian Cedi (GHS) via the FTX website and FTX APP. The move provides a new and competitive fiat gateway for Ghana, and is the latest addition to FTX’s comprehensive fiat on-ramp service. How to deposit Ghanaian…
Ghana’s eCedi CBDC Available Online For Vodafone Cash users, CalBank and IT Consortium Customers.
Bank of Ghana BOG has revealed that the chance to test the online version of the eCedi is restricted to Vodafone Cash users, customers of CalBank and IT Consortium in Accra and Tarkwa in the Western Region. This was contained…