Tag: Foreign Exchange
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🇬🇭 🇲🇱 🇧🇫 Ghana’s $20 Billion Gold Boom: Why Accra Is Pulling Ahead of Mali and Burkina Faso
Ghana’s gold industry is entering a new era. With nearly six million ounces produced in 2025 and gold export earnings reaching about $20.2 billion, Accra is using GoldBod to tighten control over the gold trade, formalise artisanal mining and retain more mineral wealth inside the country. Ghana’s strategy now places it in direct comparison with…
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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.