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BRICS: Chinese Yuan Officially Overtakes US Dollar

Alongside the BRICS de-dollarization plans, the Chinese yuan has officially overtaken the US dollar as the top traded currency in Russia. Indeed, the currency has now surpassed the greenback as the most prominent foreign exchange in Moscow according to a Reuters report. The data shows that the yuan has accounted for more than 42% of […]

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WORLD’S SMALLEST HUMANOID ROBOT IS MORE THAN A TOY – IT WALKS, DANCES AND EVEN KICKS A BALL

School students from Hong Kong have shined in the world sphere with an entry in the Guinness World Records. They have, in the school robotics laboratory, built what is now recognized as the smallest humanoid in the world by the ace record keeper. To reach the feat, they had to do better than just build

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Ghana to get new alumina refinery as Akufo-Addo announces GIADEC’s strategic partner for Project 3A

Ghana is set to benefit from a new alumina refinery following the successful selection of a strategic partner that will work with the Ghana Integrated Aluminium Development Corporation (GIADEC) to deliver Project 3A, one of four (4) projects being executed under the Integrated Aluminium Industry (IAI) projects. President Akufo-Addo who witnessed the signing of the

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Ghana’s economy has “Turned the Corner” – World Bank Country Director

The World Bank Country Director, Pierre Laporte, has affirmed a statement by the Minister of Finance, Ken Ofori-Atta, regarding the positive state of the Ghanaian economy.  According to him, the economy has reached a point where it can genuinely be acknowledged as having “turned the corner.” “When you look at where Ghana’s economy was a

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Foreign exchange liquidity improves marginally; one dollar going for ¢12.15

The cedi is expected to continue its marginal gain this week as foreign exchange liquidity improves. This follows the Bank of Ghana’s timely intervention. Banks sought to exchange about $750 million for cedi liquidity in a bid to comply with the Bank of Ghana’s unified currency reserves. The local currency witnessed some relief last week.

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Cedi to hit single-digit depreciation against dollar in 2024 – EIU predicts

The Ghanaian cedi may experience a single-digit depreciation against the US dollar in 2024, as indicated in The Economist Intelligence Unit’s 2024 Africa Outlook Report. The UK-based firm attributes this potential stability to the benefits derived from the International Monetary Fund (IMF) programme. According to the report, only five African countries—Egypt, Sudan, Ethiopia, Angola, and

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Fastest Growing Economy In The World 2023 Top 10 List With GDP

Check out the details about Fastest Growing Economy in the World 2023 Top 10 List with GDP from this article. Various information about Fastest Growing Economy in the World 2023 Top 10 List with GDP, and other crucial details are included in this article. Fastest Growing Economy In The World 2023 When it comes to

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