President Nana Akufo-Addo – Miami Crypto Coin

Latest Ghana Benchmark Rate Hike the Largest on Record — President Promises Action Against ‘Unacceptable Depreciation of the Cedi’

Post author:MiamiCrypto
Post published:August 23, 2022
Post category:Bank of Ghana cedi COVID-19 depreciation Economics Foreign exchange Ghana benchmark rate inflation President Nana Akufo-Addo Ukraine Russia conflict University of Ghana

After seeing Ghana’s inflation rate surge to 31.7% in July, the Bank of Ghana responded by hiking the benchmark interest rate by 300 basis points. In addition to the rate…

Latest Ghana Inflation Rate the Highest in 19 Years — Economist Recommends Installation of Currency Board

Post author:MiamiCrypto
Post published:August 16, 2022
Post category:cedi Currency Board Economics Economist Steve Hanke Ghana default Ghana IMF Ghana inflation Ghana Statistical Service International Monetary Fund President Nana Akufo-Addo

Ghana’s ongoing economic woes appeared to worsen in July after data from the country’s statistical agency, Ghana Statistical Service, suggested that the inflation rate is now nearly 31.7%. The nearly…

Ghana Changes Mind on IMF Bailout Days After Residents Staged Protests Against Worsening Economic Situation

Post author:MiamiCrypto
Post published:July 5, 2022
Post category:Ghana balance of payments IMF imf assistance inflation Kristalina Georgieva News President Nana Akufo-Addo

The Ghanaian government has reportedly changed its mind and will now seek a financial rescue package from the International Monetary Fund (IMF). The decision comes just a few days after…