Dollar and Bitcoin Soar As Trump Wins Presidency
The US dollar has surged as Donald Trump is now projected to have won the presidency and will re-enter the White House. Bitcoin has also hit a record high while….
Tag: dollar
Cedi Rate Shoots Up, Selling At GH¢17.20 To US$1
Ghana’s local currency continues to experience persistent depreciation against major trading currencies such as the US dollar. The cedi which was under pressure throughout the year, recorded relative stability in….
Cedi Records Gains Against Dollar, Others Last Week; One Dollar Going For GH¢16.41
The Ghana cedi recorded some gains last week against the US dollar and the other major foreign currencies after weeks of sustained depreciation. This was buoyed by improved market liquidity…..
EIU Predicts Persistent Stronger US Dollar; One Dollar Equals GH¢14.90
The US dollar remains close to an all-time high in real effective terms. According to the Economist Intelligence Unit, the remarkable resilience of the greenback is a reflection on the….
Cedi Depreciates 9.65% To Dollar
The Ghana cedi returned to its loss trajectory last week as it has depreciated by 9.65% to the dollar on the retail market since the beginning of the year. This….
Cedi Depreciates 4.44% To Dollar Since January 1, 2024; One Dollar Equals GH¢12.85
The Ghana cedi has lost about 4.44% in value to the US dollar since the beginning of the year. Last week, the local currency weakened 1.37% to the American greenback….
Cedi Experiences 3.66% Depreciation Against The US Dollar Since January 1
The Ghana cedi has lost about 3.66% in value to the US dollar since the beginning of 2024. The local currency lost ground last week despite improved market liquidity. This….
Cedi To End 2024 At GH¢13.40 To A Dollar
The Ghana cedi is expected to end 2024 at GH¢13.4 ± 0.10 to one US dollar. According to Databank Research, this would be influenced by expected inflows from multilateral sources…..
Cedi’s Performance Remained Unchanged To Dollar In First Week Of 2024; One Dollar Equals ¢12.20
The Ghana cedi traded unchanged against the US dollar last week at a mid-rate of GH¢12.18/$ 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….