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….
Tag: CEDI
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….
Dollar Shortage Hits Forex Market, Cedi Depreciation Nears ¢10 Mark
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….
BoG increases Policy Rate To 22%; Cost Of Borrowing To Shoot Up Significantly
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….