POLITICS

Cedi will fall by roughly 22% in 2023, according to EIU

The cedi will lose value relative to the dollar by around 22% in 2023, according to the UK-based Economist Intelligence Unit (EIU). According to its Africa Outlook 2023 Report, this will make the local currency the third-weakest performing currency on the African continent. The EIU anticipates that, albeit to a …

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Conflicts in Bawku: Banks close down

Due to resurgent intercommunal violence, certain financial institutions, notably the Agric Development Bank (ADB) and Consolidated Bank Ghana (CBG), have shut down their branches and ATMs in the Bawku municipality of the Upper East Region. The banks took this precaution to guard against the possibility that stray gunfire from the …

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