24
Jan
Per Joy Business report yesterday, the Cedi recorded the biggest loss last week, with a dollar selling for GHC16.40 as compared to about GHC14.74 as of 6th January 2025. Interest rates are rising, around 29% and our new Minister for Finance is set to borrow approximately GHC6.3 billion using short-term instruments (i.e., treasury bills) as he assumes office. What does this mean for Ghanaians? Interest rates will keep rising (and not decline!) as lenders will demand a higher premium for the increased risk they will bear for borrowing to a Government that does not have a clear plan for raising…