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….
Tag: CEDI
Cedi Depreciation Against Dollar Slows Down; May Record Mixed Performance This Week
The Ghana cedi slowdown its deprecation against the dollar last week, as the local currency lost only 1.28% on the retail market. The cedi also lost 2.60% in value to….
Cedi Stabilisation Critical To Affordable Fuel Prices – CBOD
The Ghana Chamber of Bulk Oil Distributors (CBOD) has called on the government of Ghana to expedite measures in stabilizing the Cedi to ensure reductions in the prices of fuel….
Cedi Faces Pressure Amid US Debt Ceiling Negotiations
The local currency has experienced a reversal of its recent gains, losing 1.48 percent. It traded at GH¢10.98 to the United States (US) dollar at the end of last week…..
Cedi To Record Gains Against Dollar As Expected IMF Deal Impacts Market
The Ghana cedi is expected to record gains against the dollar and other major foreign currencies this week, as the progress of the International Monetary Fund (IMF) deal favorably impacts….
Fuel Prices To Fall Again From May 16 – IES
Prices of petrol, diesel and Liquefied Petroleum Gas (LPG) are expected to fall marginally again at the pumps from tomorrow, May 16,2023, for the next 14 days. According to the….
Cedi To End 2023 At ¢12.40 To A Dollar – Fitch Solutions
The Ghana cedi is expected to end 2023 at ¢12.40 to one US dollar, Fitch Solutions has predicted. This means the rate of depreciation will be far lower than the….
Cedi To Depreciate 30% To Dollar In 2023 – EIU
Economist Intelligence Unit (EIU) is predicting a 30% depreciation of the cedi to the dollar in 2023. This is however lower than the about 44% depreciation of the local currency….
Cedi To Exhibit Mixed Performance Against Dollar This Week
The Ghana cedi is expected to exhibit mixed performance against the US dollar for the second week running. This is because of the uncertainty characterising the expected International Monetary Fund….
Cedi To Record Mixed Performance This Week
The Ghana cedi is expected to record a mixed performance this week as the market awaits a decision of Ghana’s external debt restructuring with its bilateral creditors. The Paris Club….