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Tag Archives: currency

Cedi ranked second worst-performing currency in the world – Bloomberg

  By;brightwebtv/nana asare The Ghana cedi lost 40.05% in value to the US dollar in nine months of 2022, ranking it as the second worst performing currency in the world in the 147th position, according to Bloomberg. This decline in the local currency against the American currency is the worst …

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National Security bust fake currency gang involved in over $5m scheme at airport

    by:brightwebtv/Nana asare barimah The National Security has busted a-13-member gang involved in the printing and distribution of fake currency notes to unsuspecting victims, mostly foreign nationals. A statement issued by the National Security Secretariat, copied to the Ghana News Agency, said the gang, led by one Yassei Alia, …

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‘Independent’ Western Togoland names Ministers, launches currency others

By:brightwebtv.com /nana asare barimah    Separatist group that declared independence for Western Togoland last week, is set to start naming its ministers, launch its currency and as part of measures to compose an interim government. The Homeland Study Group Foundation declared independence for the Volta, and parts of the Northern, …

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Zimbabwe launches new, discounted currency as banks reopen

  By:brightwebtv.com/Martin awuku Zimbabwe’s central bank began trading a sharply discounted replacement currency on Friday, attempting to ease a cash crunch that has hobbled the economy and plunged millions deep into poverty.   Zimbabwe adopted the dollar in 2009 but, as a chronic hard currency shortage worsened, introduced a parallel …

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