Tag Archives: Dollar

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 depreciation pressures on the Ghana cedi continued unabated as the local currency sold at ¢12.45 to the US dollar at the forex bureaus or the retail market. This translates into 2.8% depreciation of the local currency to the world’s most powerful currency, just in a single day. At the …

The Ghana cedi has breached the ¢12 mark within just a week, selling at ¢12.10 at most forex bureaus or the retail market. A visit by Joy Business to some forex bureaus indicates that most of the operators are selling the dollar for more than ¢12. They claim supply of …

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 Bank of Ghana will sell a total of $420 million to Bulk Oil Distribution Companies via banks in the final quarter of this year, in its Foreign Exchange Auctions. This is higher than the amount it sold to the BDCs in the 3rd quarter of this year. According to …

The dollar was headed for its third weekly gain in a row and was near two-decade highs against other major currencies, as investors focused on US jobs data due later on Friday that could bolster the case for aggressive interest rate hikes.   The U.S. currency has been riding high …

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 …