Cedi Depreciation Due To Pressure On Economy – BoG Governor
The Governor of the Bank of Ghana, Dr Ernest Addison, has indicated that the pressure on the Ghanaian economy is the reason behind the depreciation of the cedi. Appearing before….
Tag: CEDI
Petrol Now Sells At ¢13.90 With Diesel Going For ¢15.60 Per Litre
Some Oil Marketing Companies (OMCs) have started increasing the prices of petroleum products at the pumps. The marginal increase is due to the depreciation of the cedi and the slight….
Cedi To Witness More Pressure If Current Account Deficit Is Not Checked – World Bank
The World Bank has warned that the Ghana cedi may continue to come under pressure in 2023 against the U.S dollar if efforts are not directed at controlling the country’s….
Cedi Depreciates Marginally To Sell At ¢12 To A Dollar
The Ghana cedi is now selling at ¢12 to the US dollar in the retail or forex market, following days of sustained stability. This is about 0.86% loss in value….
Cedi To Depreciate By About 22% In 2023 – EIU
UK based Economist Intelligence Unit (EIU)is predicting about 22% depreciation of the cedi to the dollar in 2023. This will rank the local currency as the 3rd weakest performing currency on….
Government Must Come Clean On Its Policy Intent For Cedi, Economy – Dr. Akpabli
Vice President of the Ghana Association of Forex Bureaus, Dr. Alex Akpabli, has urged government to come clean on its policy intent for the Ghana cedi and the economy in….
Fitch Solutions Predicts Stronger Cedi In 2023
International institution, Fitch Solutions, is predicting a stronger cedi against the major foreign currencies in 2023. According to its latest analysis of Ghana’s 2023 Economic Outlook, it said the likely….
Confidence In Foreign Exchange Market To support Cedi’s Rally
Confidence in the foreign exchange market is expected to support the cedi’s rally against the US dollar and the other major foreign currencies in the coming weeks. This follows rising….
Cedi Gaining, Fuel Prices Coming Down; The Govt Is Working – Owusu-Bempah
The Akufo-Addo administration is working around the clock to ameliorate the economic conditions Ghanaians are saddled with at the moment, a Deputy Communications Director of the New Patriotic Party (NPP)….
Cedi Strengthens In Value Against Dollar; 1$ Now ¢13.70
The Ghana cedi strengthened in value against the dollar almost a day after the government launched the Debt Exchange Programme. The local currency also improved in value against the other….