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EOCO Confirms Seizure of Shatta Wale’s Lamborghini in FBI Joint Operation

Accra, Ghana — Dancehall star Charles Nii Armah Mensah , popularly known as Shatta Wale , has broken his silence following reports that the Economic and Organized Crime Office (EOCO) seized his 2019 Lamborghini Urus in connection with a joint investigation by U.S. authorities. According to Shatta Wale, on May 8, 2025 , EOCO officials, accompanied by heavily armed security personnel, conducted a search at his Trassaco Valley residence . The dancehall artiste claimed he possesses surveillance footage of the operation and has hinted at the possibility of making it public. 📽️ Surveillance and Seizure In a statement made via his social media platforms, Shatta Wale alleged that the EOCO team entered his property with the intent to search and seize. The footage, he says, clearly shows how events unfolded during the encounter. “I was at home when they came in fully armed. I have it all on camera,” Shatta Wale stated. 📄 EOCO Confirms U.S. Request EOCO ...
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Cedi Appreciates Against the Dollar: What It Means for Ghana's Economy

💵 Cedi Appreciates Against the Dollar – Selling at GH₵14.15 on Interbank Market

Date: April 28, 2025

The Ghanaian cedi has shown signs of strength, appreciating on the interbank market and now selling at GH₵14.15 to $1. This comes as positive news for consumers and businesses who have struggled with foreign exchange volatility in recent months.

📉 What’s Driving the Cedi’s Gain?

  • Improved forex inflows from cocoa and gold exports
  • Support from the Bank of Ghana through FX interventions
  • IMF cash injection boosting investor confidence
  • Controlled import demand due to tighter monetary policy

According to currency traders, there is renewed confidence in the local currency as the central bank continues to implement strict monetary measures.

📊 Impact on the Economy

  • Importers may enjoy slightly lower prices
  • Petrol and transport costs could stabilize
  • Foreign debt repayments become more manageable

However, economists caution that the cedi's gains must be sustained over time to create lasting benefits for the economy. The informal forex market is still trading above GH₵15, meaning the impact hasn’t fully reached all consumers.

🔮 What’s Next?

The Bank of Ghana has urged calm and continued support for policies aimed at stabilizing the currency. If global commodity prices remain favorable and government spending is kept in check, Ghana could see more stability in the coming months.

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#Cedi #GhanaEconomy #Forex #BankOfGhana #InflationWatch

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