On Friday, April 12, 2024, the naira witnessed a significant surge in value on the official market, reaching a trading rate of N1,142.38 against the dollar....
The scarcity and volatility of the dollar, high interest rates and access to credit is scaring away investors in the East African region. According to the...
The naira yesterday depreciated at both official and parallel markets, where it exchanged at N780/$ and N950/$ respectively. The local currency had closed at N758/$ at...
While the diminishing supply of dollar has dealt a big blow to people who depend on the foreign currency to finance their businesses, the crisis has...
Tanzanians are now forced to dig deeper into their pockets to pay for imports and other foreign products in the country amid a worrying shilling fall...
The Ghana cedi has been the world’s best performer against the dollar over the past six months, Bloomberg has reported. The gold – cocoa – and...
Brazil’s president Luiz Inácio Lula da Silva has called on developing countries to work towards replacing the US dollar with their own currencies in international trade,...
Ghana’s embattled cedi has rebounded 5% against the dollar in March as the government’s decision to suspend external debt payments eased demand for greenbacks in the...
Businesses and households can now breathe a deep sigh of relief, as the Ghana cedi has seen a shocking recovery against the US dollar as of...
The Member of Parliament for Bolgatanga Central, Isaac Adongo, has attributed the cedi’s continual depreciation against the dollar to what he describes as illegal injections of Ghana...
