Dollar Weakens After Fed Meeting, Yen Hits Four-Month High
The US dollar weakened on Wednesday after the Federal Reserve held interest rates steady but signaled a potential rate cut as early as September....
Bank of England Implements First Interest Rate Cut Since 2001 Amid Economic Pressures
In a significant move aimed at addressing economic uncertainties, the Bank of England (BoE) has announced its first interest rate cut since 2001, lowering...
IMF Approves ‘Landmark’ $3.4bn Bailout for Ethiopia as Currency Devalues
The International Monetary Fund (IMF) has approved a significant $3.4 billion (£2.6 billion) bailout for Ethiopia, marking a crucial step in the country's economic...
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...
