$1 Dollar Nears ¢13 As Fast Depreciation Of Cedi Continues
The fast depreciation of the Ghana cedi continues with no end in sight as the local currency nears ¢13 to a dollar. This is more than 6% depreciation in only….
Tag: dollar
GUTA Partly Blames Government Over Dollarization
The Ghana cedi has lost its weight against the US dollar, and this according to the Ghana Union of Traders Association (GUTA) has blamed government for partly contributing to the….
‘Arrest’ Dollar To Bring Fuel Prices Under Control — COPEC To BoG
The Chamber of Petroleum Consumers Ghana (COPEC) has asked the Bank of Ghana and the Economic Management Team to take immediate steps to halt the fast decline of the Cedi….
1$ Equals ¢11.62 As Cedi Depreciation Pressures Rise
The depreciation pressures on the Ghana cedi continued relentlessly today as the local currency sold at ¢11.62 pesewas in the retail market. This is almost 6% depreciation since Friday, October….
Dollar Breaks ¢11 Mark; Forex Bureaus Sell A Dollar For ¢11.2
The dollar has hit the ¢11 to $1 mark as some forex bureaus in parts of Accra are selling a dollar at an average of ¢11.2 on Saturday, October 8,….
BoG Should Control The Opening Of Dollar Accounts- Osafo-Marfo advises
A communications team member of the ruling New Patriotic Party (NPP), Felix Osafo- Marfo, has urged the Bank of Ghana to control the creating of dollar accounts in the country…..
Ghana Cedi Falls 40% To Dollar
For nine months this year, the cedi has lost 40.05% in value to the US dollar, according to data from Bloomberg. This makes the cedi the second-worst performing currency in….
Chinese Yuan Hits Record Lows Against US Dollar
China’s yuan has hit fresh record lows against the surging US dollar. The internationally-traded yuan fell to its lowest level since data first became available in 2011. China’s domestic currency….
The Dollar Is Not A ‘god’- Paul Amaning Tells Ghanaians
A communicator of the New Patriotic Party (NPP), Paul Amaning has advised Ghanaians to stop worshiping the dollar as if it is a god. Speaking on the current inflation rate….
BoG Dollar Auction: Demand Exceeds Supply By $84.5m
Demand for dollars by dealers outstripped supply by $84.5 million, latest data from the Bank of Ghana has revealed. This is a reduction of the $105.25 million recorded during the….