The Bank of Ghana (BoG) has fined the Barclays Bank of Ghana an amount of GH₵4,579,256.32 for making frivolous quotes on Ghana’s Interbank Foreign Exchange Market. The action of Barclays Bank, according to the Central Bank, is in breach of the Ghana Interbank Forex Market Conduct Rules. A statement dated Monday, June 3, 2019, and […]
Category: Market
Renault considers establishing assembly plant in Ghana
French multinational automobile manufacturer, Renault, is considering the establishment of an automobile assembly plant in Ghana, following in the footsteps of Volkswagen, Nissan and Sinotruk that will, this year, establish assembly plants in Ghana. Vice President and Chairman of the Africa-Middle-East-India (AMI) Region at Renault, Fabrice Cambolive, made this known on Monday, 28th January, 2019, […]
Ghana gets a platform for trading agricultural commodities
The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Tuesday, 5th November, 2018, launched the Ghana Commodity Exchange, a platform for buying and selling listed agricultural commodities. Speaking at the event, President Akufo-Addo noted that the Ghana Commodity Exchange, the first in West Africa, is going to be one of the key drivers of […]