Audio By Carbonatix
The Bank of Ghana says it will soon move to halt quotation of goods and services in dollars in the country.
The Central bank believes this should in the long term help check the high demand of dollars from businesses and individuals.
Governor of the Bank of Ghana disclose this to newsmen at a news conference on Wednesday after its Monetary Policy Committee meeting.
He however adds that the Central Bank is engaging all stockholders to ensure that the action gets the needed support.
“That is our ultimate aim, over time we should be able to encourage people to move away from doing that…yes we want to stop this dollarization”.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Flight recorders recovered from ‘devastating’ Amazon cargo plane crash
9 minutes -
AI cancer cures slowed by chip shortage, says UK’s biggest tech boss
18 minutes -
Grindr to pay ÂŁ26m to settle claims it allegedly shared users’ HIV status
28 minutes -
China to pump $54bn into state banks and insurers to boost economy
37 minutes -
Legal Green Association to hold maiden law students’ conference
37 minutes -
Dolly Parton’s sister pleads for end to ‘AI garbage’ posts after singer’s death
47 minutes -
Minority calls for itemised bill on GH¢49.7 million South Africa evacuation expenditure
51 minutes -
Australians will be able to switch off social media algorithms under planned legislation
56 minutes -
WAEC admits more study needed into fluctuating core subject performance
1 hour -
Jordan Ayew close to EFL Championship move as Sheffield Utd talks intensify
1 hour -
WAEC questions why core-subject failure keeps shifting from one subject to another
1 hour -
Herbert Mensah joins African Collaborations Group advisory board
1 hour -
WAEC demands further study into persistent English Language failures
2 hours -
Rybakina sweeps past Osaka to close in on number one ranking
2 hours -
Zheng wins set from 5-0 down again to stun Swiatek
2 hours