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….
Tag: dollar
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….
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….
Proceeds From The Export Of Minerals Increased To $6.998 Billion – Report
The 2022 Extractive Industries Transparency Initiative (EITI) Mining & Oil and Gas report has shown that proceeds from the exportation of minerals shot up from US$ 6.678 billion in 2019….
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….