Nigerian and Ghana Central Banks Invites Tech Innovators To Participate In Their Respective Regulatory Sandbox.
Nigeria and Ghana central banks have invited financial innovators that wish to be included in their respective regulatory sandboxes to submit applications. The Bank of Ghana said its sandbox will also support innovations that attempt to solve the financial exclusion…
Ghana Cedis Makes A Comeback As Best Performing Currency Against Dollar.
Ghana’s national currency, cedis took the title of the world’s best performer against the dollar this week amid optimism the debt distressed country is closer to achieving an International Monetary Fund bailout. The cedi has rallied 10% in the past…
Ghana Set To Use Gold To Buy Petroleum To Forestall Cedi Depreciation.
Samuel A. Jinapor, the Ghanaian minister for lands and natural resources said that large-scale gold mining companies will be required to “sell 20% of all refined gold at their refineries to the Bank of Ghana.” A gold-for-oil scheme is part…
Bank Of Ghana Maintains Ban On Dollar Price Quotations, Following Call Out By Actress Lydia Forson.
Recently, the Bank of Ghana warned businesses quoting U.S. dollar prices that the practice remains prohibited, noting that the cedi remains Ghana’s sole legal tender. The bank said it is working with law enforcement to “clamp down on illegal foreign…
Ghana Cedi Falls Like Luna and Worst Performing Currency Against USD
The Ghanaian cedi incessant falls, has made it to become the worst performing currency in the world after it lost 45.1 percent of its value to the US dollar this year. A Luna coin was going for around $116 in…
Trending Scam Alert ! Beware, The Central Bank of Nigeria Does Not Have An Investment Platform.
The central bank of Nigeria has distanced itself from all of the pages on social media particularly Facebook claiming to offer investment services using CBN as a cover, warning Nigerians that they are all scams. Several Facebook pages have been…
Ghana Crypto and Fintech Regulatory Sandbox Set To Provide Solution For Crypto Businesses In The Country.
The Bank of Ghana has launched a Regulatory and Innovation Sandbox that could be the solution for crypto regulations in Ghana. First Deputy Governor of the Central Bank, Dr. Maxwell Opoku-Afari announced this when he opened a stakeholder forum for…
Mara Wallet, Black Stars of Ghana Brand Sponsor Is Not Licensed; Bank Of Ghana.
Black Stars of Ghana’s latest sponsor, Mara, a non-bank financial institution has not been licensed by the Bank of Ghana or the Security and Exchange Commission (SEC). They are not authorised to trade in cryptocurrency or bitcoins or any other…
Stonebwoy, In Ponzi, Crypto NFT Scam Saga.
TV personality, Bridget Otoo has called out Ghanaian musician on Twitter for his endorsement of collapsed Menzgold ponzi investment scheme that closed recently with investors funds unaccounted for . The call out follows latest Twitter post from the musician endorsing…
Bank of Ghana Issues Scam Alert On Money Doubling Ponzi Scheme
In a press release, Bank of Ghana announced that it has identified a money doubling scheme disguising under the pseudo name “Worldremit” engaging in illegal business of international money transfer. The release reads, ” the fraudulent scheme is distinct from…