Tag: dollarization
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Ghana Central Bank Warns of Threats to Cedi Stability
Bank of Ghana Governor Dr. Johnson P. Asiama has cautioned that sustaining the cedi’s 42% year-to-date appreciation faces three major challenges, despite a record...
BoG’s 2024 Performance Revives Debate Over Dollar Adoption in Ghana
The Bank of Ghana’s (BoG) 2024 financial report has reignited discussions about potentially adopting the U.S. dollar as legal tender, with U.S.-based finance professor...
BoG prohibits pricing in foreign currency in Ghana
Regulator of Ghana's Financial sector, Bank of Ghana (BoG), has issued a statement prohibiting the charging and pricing of goods and services contracted...
CBN plunges Nigerian economy into recession
Citing tough controls imposed by the CBN to prevent the collapse of the naira, JP Morgan said it would eject Nigeria?s bond listings at...
Govt continued dollar transaction worsens dollarization situation
An Economist, John Gatsi has urged government to lead the way in the fight against the quotation of prices in dollars in the...
