Consumers are facing mixed outcomes at the pumps as global fuel prices decline, but the depreciation of the local currency could undermine potential relief. Despite a steady drop in Brent….
The Ghana cedi depreciated by 2.94% against the US dollar last week, bringing its year-to-date loss to 3.87% since January 2025. This depreciation was due to continued demand pressures from….
The depreciation of the Ghana cedi is expected to slow down this week as demand pressure subsides. This is coming after the ample intervention by the Bank of Ghana in….
The depreciation of the cedi to the dollar continued unabated as the local currency hit GH¢14.18 to the American greenback on the retail market. This is coming despite the Bank….
Finance Minister, Dr. Mohammed Amin Adam has stated that the anticipated $1.2 billion from development partners will bolster the local currency against major trading currencies. He highlighted that the disbursements….
The Ghana cedi has lost about 4.44% in value to the US dollar since the beginning of the year. Last week, the local currency weakened 1.37% to the American greenback….
The Ghana cedi has lost about 3.66% in value to the US dollar since the beginning of 2024. The local currency lost ground last week despite improved market liquidity. This….
The Economist Intelligence Unit (EIU) has revised its projected depreciation of the cedi to dollar in 2023 to about 23.0%, from the earlier 30.0%. According to its 2023 Updated African….
The President of the Ghana Union of Traders Associations (GUTA), Joseph Obeng has predicted that the cedi will see a further depreciation till the end of January. He said the….
The Governor of the Bank of Ghana, Dr. Ernest Addison has noted that the depreciation of the cedi is due to the daily pressures on the Ghanaian economy. According to….
