¢14.50 Equals $1 As Cedi Depreciation Continues
The Ghana cedi continued its free fall, losing value twice within a day to sell at ¢14.50 to one US dollar. This translated to 5.45% depreciation in a day and….
Tag: CEDI
BoG Dollar Auction: Demand Surpasses Supply By $79.7m As $1 Nears ¢13
Demand for the US dollar surged further, according to the latest auction of the American ‘greenback’ by the Bank of Ghana (BoG). Data from the Central Bank indicates that demand….
Investigate How Foreign Businesses Transport Their Profit Outside The Country-Kwasi Botwe To FIC
A communications officer of the New Patriotic Patriotic Party, Kwasi Botwe has called on the Financial Intelligence Center (FIC) to investigate how foreign investors transport their profit back into their….
Stop The Dishonest Misinformation, The Cedi Is The 3rd Strongest Currency In Africa – NPP
The New Patriotic Party (NPP) has noted that propaganda is being done by some quarters around the performance of the local currency, the Cedi. The party in a statement issued….
$1 Dollar Nears ¢13 As Fast Depreciation Of Cedi Continues
The fast depreciation of the Ghana cedi continues with no end in sight as the local currency nears ¢13 to a dollar. This is more than 6% depreciation in only….
GUTA Partly Blames Government Over Dollarization
The Ghana cedi has lost its weight against the US dollar, and this according to the Ghana Union of Traders Association (GUTA) has blamed government for partly contributing to the….
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….
Dollar Breaks ¢11 Mark; Forex Bureaus Sell A Dollar For ¢11.2
The dollar has hit the ¢11 to $1 mark as some forex bureaus in parts of Accra are selling a dollar at an average of ¢11.2 on Saturday, October 8,….
Ghana Cedi Falls 40% To Dollar
For nine months this year, the cedi has lost 40.05% in value to the US dollar, according to data from Bloomberg. This makes the cedi the second-worst performing currency in….
Cedi Is The Third Strongest Currency In Africa, Don’t Believe Naysayers – Dr. John Kumah
The Deputy Finance Minister, Dr. John Kumah, has debunked claims that the Ghana cedi is the weakest currency in Africa. According to him, such a claim is mere propaganda meant….