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
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
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
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
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
