Cedi Freefall: Task Force To Monitor All Foreign Exchange Bureaux In Motion-BoG
The Bank of Ghana has set up a task force to monitor all the foreign exchange bureaux to ensure compliance, The Inquirer can report. In line with this, the Governor….
Tag: CEDI
Cedi Hits GH¢14 Against The US Dollar
The cedi has reached a new low, hitting GH¢14 against the US dollar, marking a year-to-date depreciation of approximately 12.08%. Various forex bureaus are reported to be selling the dollar….
Cedi Depreciates 9.65% To Dollar
The Ghana cedi returned to its loss trajectory last week as it has depreciated by 9.65% to the dollar on the retail market since the beginning of the year. This….
Cedi Regains Some Stability Against Dollar; One Dollar Going For GH¢13.10
The Ghana cedi regained some stability against the US dollar last week, preserving its year-to-date loss of about 6.35%. After a difficult period in the past two weeks, the cedi….
Gold-For-Oil Programme Strengthened Cedi – Gov’t
Minister of State-Designate for the Finance Ministry Abena Osei-Asare has told parliament that the government’s gold-for-oil programme “improved the strength of the cedi”. Debating President Nana Akufo-Addo’s State of the….
Cedi To End 2024 At GH¢13.40 To A Dollar
The Ghana cedi is expected to end 2024 at GH¢13.4 ± 0.10 to one US dollar. According to Databank Research, this would be influenced by expected inflows from multilateral sources…..
Cedi Loses 2.2% In Value To Dollar Since January 2024; One Dollar Going For GH¢12.43
The Ghana cedi has lost 2.2% in value to the dollar since January 2024. This is despite the existence of the International Monetary Fund (IMF) programme which the Board approved….
Cedi’s Performance Remained Unchanged To Dollar In First Week Of 2024; One Dollar Equals ¢12.20
The Ghana cedi traded unchanged against the US dollar last week at a mid-rate of GH¢12.18/$ on the retail market. The same story emerged on the interbank market. However, it….
Foreign Exchange Liquidity Improves Marginally; One Dollar Going For ¢12.15
The cedi is expected to continue its marginal gain this week as foreign exchange liquidity improves. This follows the Bank of Ghana’s timely intervention. Banks sought to exchange about $750….
Cedi To Record single-digit depreciation Against Dollar In 2024 – EIU
The Ghana cedi could record a single-digit depreciation against the US dollar in 2024, The Economist Intelligence Unit has disclosed in its 2024 Africa Outlook Report. According to the UK-based….