The dollar-to-cedi rate may drop even more in the coming weeks - Financial expert
Financial literacy expert Patrick Baah Abankwah predicted that the US dollar to cedi rate might drop even more in a few weeks. He explained this in an interview on SVTV Africa with DJ Nyaami. According to Patrick, the significant reason the rate kept increasing daily was that “some people who are politically inclined are using the media to be feeding the rate to be going up.
Cedi Sells At 13.08 At BoG, 14.80 At Forex Bureau
Today, November 14, 2022, the Ghana Cedi is trading against the dollar at a buying price of 13.0694 and a selling price of 13.0824, according to the Bank of Ghana's interbank exchange rates. As compared to the trading on Friday, which saw a buying price of 13.0694 and a selling price of 13.0824.
BoG Directs Financial Institutions To Accept Ghana Card As Sole Identity Card
The Bank of Ghana has directed all its licensed and regulated financial institutions to accept solely the Ghana Card as the identification card for financial transactions from July 1, 2022. The specified financial institutions include banks, specified deposit-taking institutions, payment service providers and dedicated electronic money issuers, and for example Forex Bureau and Credit Reference Bureaus.