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: dollar
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….
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….
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….
It’s About Time To End Dollar Trade Dominance – Brazil President Lula
Brazil’s president Luiz Inácio Lula da Silva has called on developing countries to work towards replacing the US dollar with their own currencies in international trade, lending his voice to….
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….
Foreign Exchange: Several African Countries Have A Shortage Of US Dollars – Why This Happens And How To Fix It
A number of African countries, including Kenya, Egypt, Zimbabwe, Nigeria, Ghana and Zambia, are currently experiencing shortages of US dollars. The dollar is the dominant currency in international transactions. These countries rely on the US….