Cedi Hits GH¢14.18 To A Dollar; Year-To-Date Loss Reaches 13.45%
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….
Tag: CEDI DEPRECIATION
Disbursement Of $1.2Bn From Partners Will Mitigate Cedi Depreciation – Finance Minister
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….
Cedi Depreciates 4.44% To Dollar Since January 1, 2024; One Dollar Equals GH¢12.85
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….
Cedi Experiences 3.66% Depreciation Against The US Dollar Since January 1
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….
EIU Revises Cedi Depreciation To Dollar Forecast To 23% In 2023; Currency To Remain 3rd Weakest In Africa
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….
Cedi To Depreciate Till End Of January – GUTA President
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….
Pressure On Economy Accounts For The Cedi Depreciation — Dr Ernest Addison
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….
Ghana’s Public Debt Increased By GH¢93 Billion Due To Cedi Depreciation – Ofori-Atta
Ken Ofori-Atta, Minister of Finance, stated in the 2023 budget statement that Ghana’s public debt has increased by GH¢93 billion ($6.53 billion at the current rate) due to the depreciation….
Cedi Depreciated By 53.8% In 2022 – Ofori-Atta
Finance Minister, Ken Ofori-Atta has said Ghana’s currency lost its value against the major trading currencies by 53.8% since the beginning of 2022. This, he said is against the average….
Sani Abdul-Rahman Writes: Do You Care To Know Why The Ghana Cedi Is Depreciating Fast?
Do you care to know why the Ghana Cedi is depreciating fast? Here you go… Historically, Ghana struggles to raise enough revenue to implement the government’s programmes and projects contained….