Cedi To Continue Stability Against Dollar
The Ghana cedi is expected to further stabilise against the US dollar on the back of continued Bank of Ghana support. The cedi traded at a mid-rate of ¢12.90, losing….
Tag: CEDI
Cedi To Depreciate Till End Of January – GUTA President
The President of the Ghana Union of Traders Associations (GUTA), Joseph Obeng has predicted that the cedi will see a further depreciation till the end of January. He said the….
Poor Performance Of Cedi In 2022 Will Not Repeat Itself – BoG Governor Assures
The dollar has begun a steady rise over the cedi in the last few weeks prompting fear the country is heading back to the dark days of 2022 when the….
Year-To-Date: Cedi Depreciates By 12.7% To Dollar; Second Weakest Among Top African Currencies
With only 17 days into the year, the Ghana cedi has depreciated by about 12.7% to the US dollar. The significant fall in the value of the cedi which occurred….
Cedi Depreciation Due To Pressure On Economy – BoG Governor
The Governor of the Bank of Ghana, Dr Ernest Addison, has indicated that the pressure on the Ghanaian economy is the reason behind the depreciation of the cedi. Appearing before….
Petrol Now Sells At ¢13.90 With Diesel Going For ¢15.60 Per Litre
Some Oil Marketing Companies (OMCs) have started increasing the prices of petroleum products at the pumps. The marginal increase is due to the depreciation of the cedi and the slight….
Cedi To Witness More Pressure If Current Account Deficit Is Not Checked – World Bank
The World Bank has warned that the Ghana cedi may continue to come under pressure in 2023 against the U.S dollar if efforts are not directed at controlling the country’s….
Cedi Depreciates Marginally To Sell At ¢12 To A Dollar
The Ghana cedi is now selling at ¢12 to the US dollar in the retail or forex market, following days of sustained stability. This is about 0.86% loss in value….
Cedi To Depreciate By About 22% In 2023 – EIU
UK based Economist Intelligence Unit (EIU)is predicting about 22% depreciation of the cedi to the dollar in 2023. This will rank the local currency as the 3rd weakest performing currency on….
Government Must Come Clean On Its Policy Intent For Cedi, Economy – Dr. Akpabli
Vice President of the Ghana Association of Forex Bureaus, Dr. Alex Akpabli, has urged government to come clean on its policy intent for the Ghana cedi and the economy in….