Inflation To Trend Downwards In Coming Months – IC Research
Barring any unforeseen shocks, inflation will trend downwards in the coming months. According to IC Research, this is due to a stable exchange rate and the upcoming food harvest season…..
Tag: CEDI
EIU Revises Cedi Depreciation To Dollar Forecast To 23% In 2023; Currency To Remain 3rd Weakest In Africa
The Economist Intelligence Unit (EIU) has revised its projected depreciation of the cedi to dollar in 2023 to about 23.0%, from the earlier 30.0%. According to its 2023 Updated African….
Cedi Expected To Remain Stable Against Dollar This Week; $1 Going For ¢11.58
The Ghana cedi is expected to remain relatively stable against the US dollar this week as risk-off investor sentiment cools off. Demand for US dollar last week outstripped supply despite….
Cedi To End 2023 At ¢11.40 To A Dollar – Fitch Solutions
Fitch Solutions is forecasting that the Ghana cedi would end 2023 at ¢11.40 against the US dollar. This is lower than the ¢12.40 it predicted early in the year, at….
Cedi To Continue Stability Against Dollar This Week; Sells At ¢11.43
The Ghana cedi is expected to continue its stability against the US dollar this week. This is due to an expected foreign exchange auction for Bulk Oil Distribution Companies (BDCs)…..
Cedi To Exhibit Mixed Performance Against Dollar This Week; Going For ¢11.48
The Ghana cedi will continue to exhibit mixed performance this week against the major foreign currencies as renewed corporate demand surges. This is coming after the local currency recorded mixed….
Cedi Expected To Post Mixed-Performance This Week Due To Inflationary Pressures
The Ghana cedi is expected to post a mixed-performance this week as a widening inflation differential may pose depreciatory pressures. This is because investors are seeking investments in dollar denominated….
Use Mid-Year Budget To Address Exchange Rate Fluctuations – Electronic Dealers Association To Ofori-Atta
The Ghana Electronics and Musical Instruments Dealers Association is appealing to the Finance Minister, Ken Ofori-Atta, to use the mid-year budget to address exchange rate challenges in the country. Chairman….
Cedi’s Outlook To Be Stable This Week
The outlook of the cedi is expected to be stable this week despite the near-term outlook remaining a concern. Many analysts believe the local currency will benefit from the weakening….
Cedi Gained 0.43% To Dollar Last Week; Outlook Favourable
The Ghana cedi gained a favorable 0.43% against the US dollar in the retail market last week. It traded at a mid-rate of ¢11.73 to one Us dollar. The local….