Bank of Ghana authorises 9 institutions to serve as FX brokers

The Bank of Ghana has authorised nine institutions to serve as Foreign Exchange (FX) Brokers. They are Black Star brokerage, CSI, Capital, Fenics MD, ICAP African brokers limited, Obsidian Acherner, Regulus, Sarpong Capital, Savvy Securities and Terika financial services limited. The authorisation takes effect from January 1, 2023 to December 31, 2023, a statement signed […]

MTN MoMo transaction limits increased

MTN Mobile Money Limited, a subsidiary of MTN Ghana, has effectively implemented the new Bank of Ghana (BoG) daily and monthly limits on mobile money transactions. It is part of measures to facilitate more efficient payments and encourage a seamless transition to a cash-lite society. Efficient payments A press release issued in Accra by MTN […]

Fuel prices drop by 8%

Some leading Oil Marketing Companies (OMCs) have begun reducing prices of some petroleum products at the pumps. Market leader, GOIL, has announced more than 8% reduction in fuel prices. It has slashed the the price of diesel by ¢1.50 to now sell at ¢14.60 per litre. On the other hand, petrol is going for ¢12.40 […]

Transport fares down by 15.3% from today

From today, transport fares are expected to go down by 15.3 per cent, the Ghana Road Transport Coordinating Council (GRTCC) and the Ghana Private Road Transport Union (GPRTU) have announced. The reduction in fares is to commensurate with prevailing fuel prices on the market and it follows engagements between transport operators and the Ministry of Transport. “Following the negotiations, and in consideration with […]