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….
Tag: CEDI
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….
Pressure On Cedi Mounts; One Dollar Equals ¢12.13
The high demand for the US dollar continues to weigh on the Ghana cedi as the local currency lost some ground against the American ground today. According to data from….
Cedi To Remain Stable Against Dollar In Near Term; $1 Equals ¢12.01
The cedi will remain stable against the US dollar in the near term as the upgrade in Ghana’s rating by Fitch Ratings is expected to positively impact sentiments around the….