GENERAL NEWS

Government planning to arrest the cedi; Akufo-Addo to address the nation – Oppong-Nkrumah

Kojo Oppong-Nkrumah, Information Minister

The Minister of information, Kojo Oppong-Nkrumah, has indicated that the government has taken steps to curb the rapid depreciation of the Ghana cedi.

According to him, the government, in a series of consultations with relevant stakeholders in the financial sector, solved the issue of the cedi depreciation. Aside from that, the Economic Management Team, chaired by Vice-President Mahamudu Bawumia, will also hold a series of meetings with other stakeholders, Asaaseradio.com adds.

This consultation will end with a cabinet retreat, after which the president will address the nation with steps taken to solve the current economic hardship.

On the Interbank forex rates from the Bank of Ghana on October 24, 2022, the Ghana Cedi is trading against the dollar at a buying price of 12.5244 and a selling price of 12.5370.

This is compared to Saturday’s trading of a buying price of 12.5823 and a selling price of 12.5949.

At a forex bureau in Accra, the dollar is bought at a rate of 15.05 and sold at a rate of 15.65.

Ghanaians have taken to social media to complain about the high cost of living due to the effect of the dollar.

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To curb the above, Kojo Oppong-Nkrumah‘s consultations began today (Monday October 24, 2022) with the Bank of Ghana meeting with heads of banking institutions and forex bureau operators.

 

Source: www.ghanaweb.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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