Tag: CEDI

Cedi Is The Third Strongest Currency In Africa, Don’t Believe Naysayers – Dr. John Kumah

Posted on September 9, 2022 by Cassandra

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….

Business

Dollar Shortage Hits Forex Market, Cedi Depreciation Nears ¢10 Mark

Posted on August 18, 2022 by Cassandra

Dollar shortage has hit the forex market as the rate of depreciation of the Ghana cedi nears GH¢10 to one US dollar. Checks with some banks and forex bureau by….

Business

BoG increases Policy Rate To 22%; Cost Of Borrowing To Shoot Up Significantly

Posted on August 18, 2022 by Cassandra

The Bank of Ghana has increased the policy rate by 300 basis points to 22%, after an Emergency Monetary Policy Committee meeting today, August 17th, 2022. The move is part….