Fitch, a renowned rating agency, has announced its intention to assign a Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to Ghana once the country successfully negotiates and completes the
I Can’t Restore Cedi Value In 100 Days- Mahama
Flagbearer of the National Democratic Congress (NDC), John Dramani Mahama has denied a comment allegedly attributed to him that he will ensure the strength of the local currency within
Halting The Dancing Cedi (2)
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
Halting The Dancing Cedi (1)
For a couple of weeks now, the cedi has been dancing to the tune of speculators, including traders, dealers in foreign currencies and politicians. Many years ago, when the
IEA Proposes Solutions To Cedi Depreciation
Dr. John Kwakye The Institute of Economic Affairs (IEA) has called on managers of the economy to arrest the depreciating local currency by seriously taking every requisite measure needed
GUTA Laments Cedi Depreciation
Joseph Obeng Traders in the country have voiced out their concerns about the fall in the value of the local currency and how it is dealing a blow to
Fitch Solutions Predicts Ghanaian Cedi To Bounce Back
In a positive outlook for Ghana’s economy, Fitch Solutions, an international rating agency, has stated that the cedi will soon appreciate and return to a strengthening trajectory. The rating
Cedi Largely Stabilised Since 2023
The Minister of Finance, Dr. Mohammed Amin Adam, has said the Cedi has been largely stabilised since early 2023 against the major trading currencies. According to him, the cedi cumulatively
Cedi Continues To Recover Value
The foreign exchange market though came under some seasonal pressures in February and early March this year, the local currency continues to recover its value. According to the Bank
Ghana Cedi Rebounds
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