Tag Archives: Cedi

The Ghana cedi lost about 1.94% value to the US dollar last week to trade at an average of ¢13.0. The local currency closed the week at an indicative rate of ¢11.01/$1 on the interbank market.     Bank of Ghana Exchange Rates pic.twitter.com/PeFvTwftQT — Bank of Ghana (@thebankofghana) February …

The Ghana cedi recorded its biggest gain against the US dollar in recent times, as the resurgence of the local currency continues. Within the last 10 days, the local currency gained more than 25% against the American “greenback,” narrowing the year-to-date depreciation to around 30%. Indeed, the cedi within this …

Ghana cedi has been tagged by Bloomberg as the best performing currency against the US dollar this week. After being compared to some 150 currencies across the globe, the cedi emerged as the best performing currency against the dollar this week (for the past 5 days).   Exchange rate: This …

The Ghana cedi strengthened for the second day running to ¢14.00 to one US dollar in the retail or forex market as it continued its recent gain against the American ‘greenback’. This is against ¢14.50 it sold to a dollar yesterday October 25, 2022.   The cedi is strengthening against …

The Alliance for Accountable Governance (AFAG) has called on President Akufo-Addo to reassign Finance Minister, Ken Ofori-Atta and Charles Adu Boahen, if he cannot sack them. According to the Alliance, the two ministers have failed to curb the continuous depreciation of the Cedi. In a press statement issued on Monday, …

The Ghana cedi has hit the ¢11 mark as some forex bureaus in parts of Accra are selling a dollar at an average of ¢11.2 on Saturday, October 8, 2022. Checks by Joy Business indicate that the demand for the dollar keeps surging, as there is virtually little dollar in …

The Deputy Finance Minister, Dr. John Kumah, has debunked claims that the Ghana cedi is the weakest currency in Africa. According to him, such a claim is mere propaganda meant to undermine the government’s fiscal measures in halting the free fall of the cedi against the dollar.   He stated …

The US dollar is on a tear, strengthening around 11% since the start of the year and – for the first time in two decades – reaching parity with the Euro. Indeed, an overwhelming number of major currencies have depreciated against the dollar, with big implications for the developing world. Given …