Ghanaians who borrowed money from Qwikloan and XpressLoan but haven’t paid back have received a stern warning from the Bank of Ghana (Bog). Customers of Qwikloan and XpressLoan who borrowed money but didn’t pay it back would face consequences, the central bank claims. The apex bank claimed in a statement that credit bureau databases contain information on every single person who has taken out a mobile money loan. There was a mention of some defaulters…
"Qwikloan defaulters receive a stern warning from the Bank of Ghana."Category: Finance
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Have you become curious in the cryptocurrency’s recent recovery? For those who are just now listening in, here is an introduction. Photographer: NurPhoto/NurPhoto Bitcoin’s price increased in that instant. It’s down the next. Elon Musk is a fan, first. He isn’t as certain then. Bitcoin is becoming accepted as legal money in some nations. Others have some pertinent inquiries. Over the past few years, the price of Bitcoin has fluctuated wildly. A single Bitcoin was worth about $1,000 five years ago. That price soared to approximately $70,000 in 2021. Few other assets have experienced…
"A Guide to Investing in Cryptocurrency: How to Buy Bitcoin"
Tax analyst, Joe Jackson, has lamented the depreciation of Ghana’s cedi that has reduced purchasing power by 66% in the last year. According to him, his income has remained the same from October 2021 to date. In a Twitter post on September 18, 2022, he wrote, “My income in Cedis has remained the same since Oct 2021. My purchasing power has dropped by 66%. GHS 600.00 was USD 100.00 a year ago. Today it is…
"My income has remained the same since October 2021 – Joe Jackson laments cedi depreciation"
The Bank of Ghana (BOG) has gotten the primary tranche of a $750 million credit office from the Afriexim Bank. The facility is expected to finance capital and growth-related expenditures in the 2022 Budget. It will also give a big boost to the local currency, by helping to stabilize the cedi, which has been under serious depreciation According to experts the additional forex should further boost confidence in the local currency. The proceeds from the…
"Ghana gets $750m advance from Afriexim Bank"
FTX grew revenue 1,000% during the crypto craze, leaked financials show FTX rode the crypto frenzy to a billion bucks in income last year while extending its worldwide impression through a whirlwind of acquisitions, as per inner reports seen by CNBC. The examined financials give an interesting look into the secretly held organization’s funds. FTX was beneficial, rapidly extending across the globe and saw very quick development. The crypto trade’s income took off over…
"FTX developed income 1,000% during the crypto frenzy, spilled financials show"
Veteran broadcaster, Kwasi Kyei Darkwah, known as KKD has referred to the priest for Finance Ken Ofori-Atta over what he says is beyond reconciliation circumstance. As per him, the clergyman is benefiting to the detriment of the country. “I read a report yesterday that made me extremely upset, I perceived the amount Ghana owes however I likewise found that evidently, the pastor of money’s organization or previous organization is an exchange guide to the monies…
"KKD fires government over Ken Ofori-Atta’s organization taking care of Ghana’s funds"
On Monday, July 25, 2022, Finance Minster, Ken Ofori-Atta, introduced the mid-year spending plan audit before Parliament. In addition to other things, the pastor illustrated government’s endeavors toward building a strong and dynamic economy in the midst of the ongoing difficulties. Ofori-Atta additionally refreshed the House Government’s amendment of Gross Domestic Product (GDP) development rate from 5.8 percent to 3.7 percent for 2022. He added that separated from the reconsidered generally speaking GDP target, practically…
"Highlights of 2022 mid-year financial plan show by Finance Minister"
Ghana goes to IMF for economic rescue programme Ghana’s foreign reserves low Parliament approves US$750 million loan Ghana’s foreign reserves have propped by a third, from US$9 billion to US$3 billion, a recent report by Parliament’s Finance Committee shows. The document buttresses the dire state of the country’s finances as the government continued engagements with the International Monetary Fund (IMF) for an economic rescue programme. The report disclosed that but for recent parliamentary approval of…
"Ghana’s unfamiliar stores downturn to US$3bn from US$9bn – Finance Committee report"
Cedi sinks to record low after IMF credit demand Help drives coming to fruition to ease food and obligation As the production network disturbance brought about by Russia’s conflict in Ukraine proceeds, global alleviation bundles for Africa are beginning to come to fruition. USAID this week vowed a $30m bundle to help Zambian food products to East African nations to assist with facilitating the effect of taking off food costs. In the meantime, Paris-based think…
"Cedi sinks to record low after IMF credit demand – Report"
Ghana requirements to reinforce its homegrown income activation, Oppong Nkrumah Ghana in chats with IMF IMF appointment to show up in Ghana on July 6 Data Minister, Kojo Oppong Nkrumah, has unveiled that the International Monetary Fund might administer about US$2 billion to Ghana after considerations have been finished up. As per him, Ghana’s standard and macroeconomic information are probably going to assist the country with getting such subsidizing from the Bretton Woods…
"Ghana prone to get about $2 billion from IMF – Oppong Nkrumah"
A crypto loaning application attempted to assume control over a ‘whale’ record to prevent it from falling the framework
Decentralized finance stages are taking drastic actions to restrict the aftermath from an auction in digital currencies. Solend, a loaning stage based on the Solana blockchain, attempted to oversee its biggest record, a purported “whale” financial backer that it said could essentially impact market developments. Solend’s clients have since casted a ballot to hinder the move. What is Solend? Solend is a DeFi application that allows clients to get and loan assets without…
"A crypto loaning application attempted to assume control over a ‘whale’ record to prevent it from falling the framework"
It’s been a rough beginning to the year for Bitcoin, however specialists actually say it will hit $100,000 — and that it’s more an issue of when, not if. Bitcoin’s cost bounced back up above $30,000 Thursday, a close to 3.5% increment in the beyond 24 hours. The main crypto has been fluctuating close the $30,000 mark throughout the last week as both customary monetary business sectors and digital forms of money battle to recapture…
"Specialists Say Bitcoin Could Hit $100,000 In 2022. This is What Investors Should Know"