The Ghana cedi has breached the ¢12 dollar mark within just a week, selling at ¢12.10 at most forex bureaus or the retail market. A visit by Joy Business to some forex bureaus indicates that most of the operators are selling the dollar for more than ¢12. They claim the […]
Other News
Treasury disowns official papers on Sh1.3bn China fine for SGR loans.
The Treasury Thursday disowned an official statement indicating that Chinese lenders penalised Kenya Sh1.312 billion for delayed payments of loans provided to build the standard gauge railway (SGR). Treasury Secretary Ukur Yatani maintained that Kenya has not defaulted on its public debt, arguing that the country has not accumulated […]
China fines Kenya $10m for defaulting on SGR loans
Thursday October 13 2022 Repayment of the SGR loan started in January 2020 after the lapse of a five-year grace period that Beijing had given Kenya. China fines Kenya $10m for defaulting on SGR loansBy JOHN MUTUA Kenya defaulted on repayment of the Chinese loans provided to build the standard […]
Sankofa: Bank of Ghana’s Appeal Struck Out In The GN S & L Case!
The Court of Appeal has struck out the Bank of Ghana’s appeal in the GN Savings & Loans case. This was done in the morning of Tuesday, 18th January 2022. The ruling of the Court of Appeal clears the way for the High Court to deliver its final judgement in […]
I have closed 80% of my businesses – FC Beauty Group CEO
Mrs Grace Amey-Obeng, CEO of FC Beauty Group of Companies has lamented the heavy toll of the recent economic crisis on her business empire. The founder and leader of the nation’s top beauty and cosmetics conglomerate, has said she had closed a large percentage of her enterprises, affecting many staff […]






