Ghana’s currency, the cedi, has become the world’s top performer against the US dollar following the International Monetary Fund’s (IMF’s) approval of a $3bn bailout for the country. Since
Cedi Gains With Debt Restructuring Offer
The local currency THE CEDI appreciated against the dollar, trading at 12.05 from 12.25 at last week’s close as foreign exchange demand eased. The Bank of Ghana sold only
Cedi Appreciates Slightly
The Ghana cedi continued its marginal improvement against the US dollar selling at GH¢12.50 as at February 3, 2023. This is about 3.1 per cent gain to the American
World Bank Warns Of More Cedi Pressure
Ken Ofori Atta THE WORLD Bank’s January 2022 Global Economic Prospects report has pointed to continued pressure on the Ghana cedi against the U.S dollar this year. The report
Cedi Strengthens Against Dollar
Ken Ofori-Atta THE GHANA Cedi has taken a commanding lead, occupying the slot of the world’s best performing currency against the dollar, Bloomberg has reported. According to the media company headquartered in
Ghana Cedi Tops World Performer– Bloomberg …As Dollar Drops Big
Ghana’s currency, cedi took the title of the world’s best performer against the dollar this week. The cedi which in previous weeks performed abysmally has suddenly gained weight becoming
Cedi Records 53.8 % Depreciation – Ofori Atta
Finance Minister, Ken Ofori-Atta has announced that the Cedi has declined by 53.8% in value against major currencies, since the beginning of 2022. Presenting the 2023 Budget in Parliament
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
The Cedi’s Predicament
The Ghanaian Cedi has never been so discussed on the public space as in recent times and for justifiable cause. Purchasing power has witnessed such a steep decline that
Accra Shops Shut Down- As Cedi Hits GH¢13 To $1
SHOP OWNERS in the national capital, Accra, yesterday closed their businesses to protest against a weakened currency and the high cost of doing business in the country recently. The
Cedi Is Third Strongest Currency In Africa- John Kumah
A Deputy Finance Minister, John Kumah, has debunked claims that the Ghana cedi is the weakest currency in Africa. According to him, such a claim is mere propaganda meant to
Cedi 3rd Strongest Currency In Africa
Dr John Kumah GHANA’S CEDI has been described as the third strongest currency in Africa despite its continuous depreciation against the dollor in recent times. Deputy Minister of Finance,
Cedi Appreciates Marginally
The Ghana Cedi THE CEDI appreciated marginally against the dollar this week, trading at 9.99 from a record low 10.08 at last week’s close. Ghana’s local borrowing costs continue to