The dancing state of the cedi is cause for concern. We should not continue to close our eyes to one of the critical reasons why we are in the
Cedi To Continue Stability Against Dollar
The Cedi is expected to continue its stability against the US dollar this week. The cedi opened the week at a mid-rate of ¢11.33 to a dollar and traded
Moody Upgrades Cedi
Moody’s Investors Service (Moody’s) has upgraded Ghana’s local currency, Cedi’s long-term issuer rating from Ca to Caa3, indicating a stable outlook has been maintained. This upgrade comes as a
GUTA Hails Govt For Cedi Action
Dr Joseph Obeng The Ghana Union of Traders Association (GUTA) has praised government for the outcome of the recent actions which have seen the strengthening of the local currency.
Debt Swap Plan Kayoes Dollar, Strengthens Cedi
Ken Ofori-Atta, Finance Minister THE CEDI has continued gaining strength against the US dollar with the introduction of Government’s debt swap plan. At the time of going to press
Cedi Touches Fresh Low
The local currency THE CEDI hit a fresh record low 14.54 before recovering slightly to 14.50, compared to 14.43 recently. President Akufo-Addo this week fired his Minister of State
Censorship Motion Restores Trust In Cedi – Speaker
Alban Bagbin SPEAKER OF Parliament, Alban Sumana Kingsford Bagbin, yesterday claimed credit for Parliament for the increase in value of the cedi against the dollar in the forex markets,
Cedi Depreciation: Don’t Panic, Economy Will Bounce Back- Ofori-Atta
Minister for Finance, Ken Ofori-Atta has assured Ghanaians that the government is working around the clock to get the economy back on track. He has therefore urged Ghanaians
Cedi Loses 7% Value To Dollar
THE CEDI lost a little over 7% in value to the US dollar in the first month of the third quarter of 2022. This has taken the year-to-date depreciation
Cedi Hits Fresh Low
The local currency THE LOCAL currency lost further ground against the dollar this week, trading at 8.27—a new record low—from 8.13 at last week’s close. That came after the
Cedi Sinks To Record Low
The cedi THE LOCAL currency weakened to a fresh low against the dollar this week, depreciating to 8.04 from 7.95 at last week’s close. Amid mass protests over soaring inflation
Analyst Explains Cedi’s Depreciation
Prof. Godfred Alufar Bokpin PROF. GODFRED Alufar Bokpin, an economist with the University of Ghana Business School (UGBS), says the continuous depreciation of the local currency to the US dollar
Govt To Pump $2bn To Rescue Cedi– Land Borders To Re-Open
President Akufo-Addo GOVERNMENT is planning to inject an amount of $2 billion into the country’s dollar reserves towards stabilising the exchange rate. President Akufo-Addo announced this among other major recovery