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….
Tag: dollar
Fitch Solutions Predicts Stronger Cedi In 2023
International institution, Fitch Solutions, is predicting a stronger cedi against the major foreign currencies in 2023. According to its latest analysis of Ghana’s 2023 Economic Outlook, it said the likely….
U.S. Dollar Likely To Remain Strong In 2023 Amid Recession Fears
A breathtaking surge in the U.S. dollar trampled foreign currencies, gouged corporate profits and gave investors one of the year’s few winning trades. Though the greenback has stumbled in recent….
Bloomberg Report: Ghana Cedi Posts World’s Biggest Gain Against US Dollar
Bloomberg has reported that the Ghana Cedi last week posted the world’s biggest gain against the US Dollar as Ghana starts reorganising local debt. It said the Ghana cedi took the title of the….
Cedi Strengthens In Value Against Dollar; 1$ Now ¢13.70
The Ghana cedi strengthened in value against the dollar almost a day after the government launched the Debt Exchange Programme. The local currency also improved in value against the other….
Cedi’s Recent Performance To Be Sustained For Few Weeks – Currency Analyst
The recent improvement in the value of the Ghana cedi against the US dollar is expected to be sustained in the next couple of weeks, Lead Researcher at GCB Capital….
Cedi Strengthens Again Against Dollar; $1 Equals ¢13.40
The Ghana cedi strengthened once again by about 20 pesewas against the US dollar today November 1, 2022 to sell at ¢13.40 in the retail or forex market. This is….
Close All Dollar Accounts-Chairman Kwadwo Boateng To BOG
The former New Patriotic Party (NPP) Chairman for New Juaben North, Kwadwo Boateng Agyemang, has called on government to close all dollar accounts. His comment comes after President Akufo-Addo addressed….
Cedi Lost 14.47% Value To Dollar Last Week
The Ghana cedi lost 14.47% in value to the dollar last week (October 17 to October 21, 2022), the worst weekly loss in over 30 years. The situation was slightly….
Forex Bureaux In Ghana Cry Over Parallel Competition With Black Market Operators
Forex bureaux in Ghana are lamenting the stiff parallel competition they are facing with illegal operators popularly known as black market. Vice President of Forex Beurau Association of Ghana, Dr….