Money

Ghana’s Economy ‘Run Like a Ponzi Scheme,’ Says Former Deputy Finance Minister

Kwaku Kwarteng, former Ghana Deputy Finance Minister and Member of Parliament for Obuasi West, has delivered a scathing critique of Ghana's economic management, comparing...

Ghana’s Cedi Depreciates 19.5% Against Dollar, Driving National Debt to GH¢742bn in First Half of 2024

The Bank of Ghana has revealed a troubling trend in the country's currency market, with the Ghana cedi depreciating by approximately 19.6% against the...

Leonardo DiCaprio’s Eco-Friendly Shoe Investment Faces Financial Struggles, Loses £2.7 million

Hollywood superstar Leonardo DiCaprio's foray into eco-friendly fashion has hit a rough patch, as his investment in the British vegan shoe brand Wild Loci...

Nigeria Central Bank Hikes Interest Rate to 26.75% Amid Soaring Inflation

The apex bank of Nigeria has increased its benchmark interest rate to 26.75% from 26.25%, marking the fourth rate hike this year as the...

Illicit Banknotes in Eastern Libya Contribute to Dinar Devaluation, Russia Involved

TRIPOLI, Libya – Unofficial Libyan banknotes, some printed by Russia, have been exchanged for real dollars, exacerbating the dinar's devaluation, according to three sources...

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