Ghana Nsem
FeaturedGhana’s gold shipments have resumed, with the Bank of Ghana saying recent exports are helping strengthen the country’s foreign-exchange reserves. The country currently has about 4.5 months of import cover, above the three-month benchmark.
The Bank of Ghana has kept its policy rate at 14%, while warning that rising crude oil prices and higher utility tariffs could create fresh inflationary pressures. The central bank says Ghana’s economy remains resilient but will continue monitoring developments before making further policy decisions.
The Bank of Ghana has ruled out introducing a GH¢500 denomination as part of the upcoming Heritage Series of cedi notes. The new notes, expected in November, will feature enhanced security and durability while existing denominations will remain valid.
The Bank of Ghana and SEC have taken their National Virtual Asset Literacy Initiative to the Ashanti Region to educate the public about digital assets and associated risks. Authorities are urging Ghanaians to understand virtual assets and verify the licensing of service providers before investing.