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….
Tag: dollar
Cedi Now Going For ¢12.10 To A Dollar; Demand For American Greenback Surges Ahead Of Christmas
The Ghana cedi is now going for ¢12.10 against the US dollar on the forex or retail market. This is despite forecasts by many analysts and research institutions that it….
Cedi To Weaken For Third Weak Running; Going For ¢11.85 To One Dollar
The Ghana cedi is expected to weaken for the third week running against the US dollar. This follows rising foreign exchange demand from local corporates and importers ahead of the….
Cedi To Appreciate By 1.0% To Dollar In 2024 – Fitch Solutions
The Ghana cedi is expected to strengthen by roughly 1.0% to the US dollar in 2024, Fitch Solutions has disclosed in its latest Country Risk on Ghana. This will make….
Increased Domestic Demand And Strengthening Of Dollar Globally To Weigh On Cedi
Increased domestic demand and the strengthening of the US dollar globally are expected to weigh on the cedi this week as some analysts predict a marginal weakening of the local….
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….