Tag Archives: Ghana Cedi

Ghana’s currency, the Ghana cedi, has become the world’s best performer against the dollar over the past six months as investors bet the nation is on the brink of securing International Monetary Fund (IMF) board approval for a US$3 billion bailout. The cedi has advanced 33% since November, the biggest …

The Director of Research at the Bank of Ghana, Dr. Philip Abradu-Otoo, has reasons for the upturn in the cedi’s fortunes after over ten months of recording drastic depreciation. He attributed the recent respite to a number of measures put in place by the central bank, the government, as well …

The Director of Research at the Institute of Economic Affairs (IEA), Dr John Kwakye has said Ghana’s currency, the Cedi, is not the third strongest in Africa. He intimated that it is rather the currency with the third highest value.   These are two different things all together, he stated. …