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Pulse business wrap Vice Prez calls for cedi devaluation

Vice President Paa kwasi Amissah Arthur has called for the devaluation of the cedi and other currencies in the ECOWAS zone.

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Vice Prez calls for cedi devaluation

Vice President Paa kwasi Amissah Arthur has called for the devaluation of the cedi and other currencies in the ECOWAS zone so as to establish a common condition necessary for adopting a single currency by 2020.

Speaking at the 35th Meeting of the Convergence Council of the West African Monetary Zone (WAMZ), Amissah Arthur said the regional economic bloc must be “innovative and confront dogmatic thinking”.

Read more: Vice Prez calls for cedi devaluation

PAC hits at BOG Governor for snubbing committee

The Public Accounts Committee in Parliament has taken a swipe at the governor of the Bank of Ghana for consistently eluding the committee.

MP for Abuakwa South, Lawyer Atta Akyea said the governor is fond of making excuses for appearing before the committee.

His comments came after Dr. Henry Kofi Wampah failed to appear before the committee for the second day running,  with the excuse that he has some important official duties to performance.

Read more: PAC hits at BOG Governor for snubbing committee

 

We go to the currency market now where

 

Currency                      Buying                         Selling

Dollar                             3.80                             4.1

Pound Sterling               5.40                             5.70  

Euro                              4.15                             4.45  

 

To updates from the stock exchange today

Cal Bank Limited were the biggest losers of the day, dropping 5p to close at 1.00p, whereas Goil Company Limited recorded the biggest gain, gaining 1p  to close at 1.46 p.

 

And that's a wrap for business for today. For more

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