PiChain Ghana

Inflation

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 […]

BRICS: Chinese Yuan Officially Overtakes US Dollar Read More »

Rapper Drake Posts Michael Saylor’s Bitcoin Video to His 146M Instagram Followers

Michael Saylor said that bitcoin will “eat gold” in an interview with CNBC on Monday. Grammy-award-winning musician Drake posted a clip of Michael Saylor speaking about bitcoin on his Instagram account on Tuesday.The rapper was previously active in the digital assets space when he placed bets for the 2022 Super Bowl through bitcoin and as

Rapper Drake Posts Michael Saylor’s Bitcoin Video to His 146M Instagram Followers Read More »

Adjusted for Inflation, Bitcoin Hasn’t Topped Its All Time High

Bitcoin’s (BTC) all-time high of $69,325 has not been hedged for inflation — a dint in the idea that this “digital gold” is a successful store-of-value. When measuring inflation, bitcoin, despite its notable rally in recent months, is still technically worth less than it was at its previous high in November 2021. According to the

Adjusted for Inflation, Bitcoin Hasn’t Topped Its All Time High Read More »

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

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

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

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

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.

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

Top 10 African countries with the lowest inflation rate mid-way into 2023

As one of the most important measures of price stability, inflation has a large role in the world of economic indicators. While low inflation rates can actually be beneficial for countries and build an atmosphere that is favorable to sustained growth and development, inflation is frequently linked with negative connotations. A number of countries on

Top 10 African countries with the lowest inflation rate mid-way into 2023 Read More »