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….
Tag: CEDI DEPRECIATION
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….
Over Reliance On Monetary Policy To Fight Inflation, Stabilise Cedi Not Oorking – GNCCI
The Ghana National Chamber of Commerce and Industry (GNCCI) is raising concerns about the excessive reliance on monetary policy by the Bank of Ghana to control inflation and the cedi’s….
The NPP Hasn’t Failed- Hon. Adomako Speaks Amidst Cedi Depreciation
The Member of Parliament for Afigya Kwabre North, Collins Adomako Mensah has responded to claims that the NPP government has failed due to the rampant depreciation of the cedi against….
Interest Rates Hit 33%; Government Misses T-bills Sale By 16%
Interest rates inched up to 33% to reflect surging inflation and the rapid depreciation of the cedi. The increase in interest rates is however lower than the current inflation of….
Interest Rates Hit 33%; Government Misses T-bills Sale By 16%
Interest rates inched up to 33% to reflect surging inflation and the rapid depreciation of the cedi. The increase in interest rates is however lower than the current inflation of….
Forex Bureaux In Ghana Cry Over Parallel Competition With Black Market Operators
Forex bureaux in Ghana are lamenting the stiff parallel competition they are facing with illegal operators popularly known as black market. Vice President of Forex Beurau Association of Ghana, Dr….
I Expect Fall Of The Cedi To Slow Down – Joe Jackson
Chief Operations Officer at Dalex Finance Mr Joe Jackson has said he expects the rate of depreciation of the Cedi against the Dollar to slow down. He stated that people….
Urgent Interventions Needed To Stop Haemorrhaging Of The Cedi – Kwakye
The Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye has called for urgent interventions by the Bank of Ghana (BoG) and the Ministry of Finance….
1$ Equals ¢11.62 As Cedi Depreciation Pressures Rise
The depreciation pressures on the Ghana cedi continued relentlessly today as the local currency sold at ¢11.62 pesewas in the retail market. This is almost 6% depreciation since Friday, October….