Tag: Bank of Ghana
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🇬🇭 🇨🇳 Ghana Opens Direct Cedi-to-Yuan Payment Channel With China, Reducing Reliance on the Dollar
Ghana has launched a direct cedi-to-yuan payment mechanism that allows businesses to settle eligible China trade transactions without using the US dollar as an intermediary. Piloted by Stanbic Bank Ghana, the system uses China’s CIPS network and could reduce settlement times and foreign-exchange costs while strengthening Ghana-China trade.
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🇬🇭 Ghana’s Anti-Corruption Battle Reaches Former Finance Minister: A Test for the Rule of Law
A red notice from Interpol and an extradition request to the United States mark a dramatic turn in Ghana’s pursuit of a former finance minister accused of masterminding a multimillion-dollar scheme that allegedly defrauded the state. Ghana’s former Finance Minister, Ken Ofori-Atta, has been formally charged with 78 counts of corruption. The charges stem from…