Business

Zimbabwe suspends bank lending in bid to arrest currency decline

Zimbabwe suspends bank lending in bid to arrest currency decline

Zimbabwean government on Saturday ordered banks to stop lending with immediate effect in a move Harare said was designed to stop speculation against the Zimbabwean dollar and was part of a raft of measures to arrest its rapid devaluation on the black market, Reuters reported. The southern African country reintroduced …

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Ghana: President Akufo-Addo justifies e-levy and pledges restoration of economy

Ghana: President Akufo-Addo justifies e-levy and pledges restoration of economy

In an interview with the BBC, Ghanaian President Nana Akufo-Addo justified the e-levy bill passed by parliament by saying it was aimed at taxing the industry and not the poor. Parliament in Ghana on March 29, 2022, approved the e-levy bill, after the minority staged a walkout. President Akufo-Addo said …

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