#cedi

An Accra Circuit Court has sentenced a 34-year-old man to eight years in prison for forging a Bank of Ghana (BoG) licence to run a microfinance enterprise at Suhum in the Eastern region and its surroundings. Kofi Asante, also known as Davis, was given a four-year prison term after entering a guilty plea to the charge of participating in deposit-taking without a licence. Asante entered a guilty plea to the allegation of falsifying an official document and received an eight-year jail term. According to the court,…

Ghanaian media personality and Manageress of GHone TV, Nana Aba has commented on the rate at which the cedi keeps depreciating before the dollar. While many Ghanaians are lamenting on the E-Levy proposed by government Nana Aba's major concern is about how the dollar keeps increasing at the expense of the cedi hence affecting fuel prices in the country. Meanwhile some Ghanaians have complained about how one dollar is being sold at GH7.06. As the dollar keeps increasing with the cedi depreciating, this will affect…