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Mobile money exceeds industry expectations, reaching a transaction value of $1.26 trillion in 2022

Mobile money exceeds industry expectations, reaching a transaction value of $1.26 trillion in 2022

Mobile money services are growing faster than predicted around the globe, as digital services continue to rise in popularity, according to the GSMA’s annual ‘State of the Industry Report on Mobile Money 2023’, published on

Business
Cedi Gains With Debt Restructuring Offer

Cedi Gains With Debt Restructuring Offer

THE CEDI appreciated against the dollar, trading at 12.05 from 12.25 at last week’s close as foreign exchange demand eased. The Bank of Ghana sold only US$9.2 million in the spot market last week, compared

Business
Parliament approves amended E-Levy bill

Parliament approves amended E-Levy bill

Parliament on Wednesday approved the amended electronic transaction levy bill, paving way for the rollout of the policy. The bill will reduce the rate for the levy from 1.5 to 1 percent. This follows a

Business
Cedi depreciation: Money doesn’t like noise — Akufo-Addo

Cedi depreciation: Money doesn’t like noise — Akufo-Addo

President Nana Addo Dankwa Akufo-Addo on Sunday cautioned against the talking down of the Ghanaian currency -- Cedi. According to him, people disparaging the Cedi is affecting its performance against major trading currencies. In a

Business
BoG partners G+D to pilot central bank-backed e-Cedi

BoG partners G+D to pilot central bank-backed e-Cedi

The Bank of Ghana has partnered with Giesecke+Devrient (G+D) to pilot a general-purpose Central Bank Digital Currency (retail CBDC) in Ghana. G+D is providing the technology and developing the solution adapted to Ghana’s requirements, which