BoG, MAS, DBG sign a Memorandum of Understanding to develop the Ghana Integrated Financial Ecosystem

Posted by - November 7, 2022

Ghana’s Micro, small and medium enterprises (MSMEs) sector is set to see a major boost as the Monetary Authority of Singapore (MAS), Bank of Ghana (BOG) and Development Bank Ghana (DBG) have signed a Memorandum of Understanding (MOU) to develop the Ghana Integrated Financial Ecosystem (GIFE). The Ecosystem aims to enhance financial capabilities and access

Cedi depreciates after recent gains; $1 equals ¢14.20

Posted by - November 7, 2022

The Ghana cedi has returned to a depreciation trajectory after ending last week with a marginal appreciation. The cedi opened this morning November 7, 2022, going for ¢13.95 to one US dollar in the retail or forex market. However, it has since declined in value to ¢14.20 to one American ‘greenback’, the average quote by

1 US Dollar now goes for ¢12.45

Posted by - October 17, 2022

The depreciation pressures on the Ghana cedi continued unabated as the local currency sold at ¢12.45 to the US dollar at the forex bureaus or the retail market. This translates into 2.8% depreciation of the local currency to the world’s most powerful currency, just in a single day. At the same time, the other major

FirstBank Fetes Customers with Bouquet of Dollar Denominated Cards for Summer Holiday

Posted by - August 8, 2017

Holiday revelers are in for a more exciting time this summer with FirstBank’s bouquet of Dollar denominated cards. Convenience, security, flexibility and improved spend are the key defining features of these Dollar cards. To delight customers, wherever they travel this summer, FirstBank offers three Dollar card products namely – Visa Gold, Visa Dollar Prepaid, and