Cedi Strengthens Again Against Dollar; $1 Equals ¢13.40
The Ghana cedi strengthened once again by about 20 pesewas against the US dollar today November 1, 2022 to sell at ¢13.40 in the retail or forex market. This is….
Tag: CEDI
Cedi May Receive Sentiment Boost If Government Secures IMF Staff-Level Agreement By December 2022
Should the government secure a staff-level agreement with the International Monetary Fund by December 2022, the Ghana cedi may receive a sentiment boost, the September 2022 African Markets Revealed by….
Cedi Lost 14.47% Value To Dollar Last Week
The Ghana cedi lost 14.47% in value to the dollar last week (October 17 to October 21, 2022), the worst weekly loss in over 30 years. The situation was slightly….
Debt Restructuring To Weaken Cedi; BoG Partly To Blame For Cedi Woes – JP Morgan
Global leader in financial services and US firm, JP Morgan has warned that the probable debt restructuring of Ghana’s debt would further weaken the Ghana cedi, even if an increase….
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….
¢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….
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….