Serving The Ghanaian Chicago Community
Wednesday, October 28, 2026
Ghana’s Central Bank, Bank of Ghana, says it has ungraded the GHS1 coin with enhanced security features. Bank of Ghana in a statement said the upgraded GHS1 will be in circulation from 12th December 2022. The statement added that the coin is similar to the existing GHS1 in shape, form and […]
Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022, growing an estimated 5% to $626 billion.This is sharply lower than the 10.2% increase in 2021, according to the latest World BankMigration and Development Brief. Remittances are a vital source of household income for LMICs. They alleviate poverty, […]
Mensah Thompson of ASEPA writes… Mensah ThompsonExecutive Director, ASEPA
Government has announced the establishment of a Financial Stability Fund (FSF) in collaboration with development partners to provide liquidity support to banks, pension funds, insurance companies, Fund managers, and collective investment schemes. This, according to the Finance Minister is to ensure they meet their obligations to clients as they fall […]
Government has announced the modalities of a domestic debt exchange following the conclusion of Debt Sustainability Analysis as part of negotiations with the International Monetary Fund(IMF). In line with the programme, domestic bondholders are billed to exchange their instruments for new ones, Finance Minister Ken Ofori-Atta said in a televised […]
