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BoG's $1B FX Injection, SML Contract Termination, and Forest Reserve Mining Ban: Today's Financial Analysis
Today's daily Cedi Board report presents a mixed performance for the currency, which gained against the Euro and Pound but saw a slight dip against the US Dollar compared to last week. This currency movement comes amid significant national developments, including the Bank of Ghana's plan to inject $1 billion into the FX market this November. Concurrently, major administrative and legislative shifts are underway, with the government ordering the termination of SML contracts an
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3 days ago5 min read
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GCB Shares Hit 166% All-Time High as Cedi Slips; Metro Mass Revenue Rises to ₵14M
Today's daily financial report presents a mixed picture for the Ghanaian economy. Key market indicators show the Cedi experiencing a slight depreciation against the US dollar, while essential costs like fertilizer show significant year-on-year increases. In corporate news, GCB Bank shares have registered a remarkable all-time high, demonstrating strong investor confidence. This financial activity unfolds against a backdrop of major domestic news, including a significant fire
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6 days ago4 min read
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