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
Cedi Depreciates To Almost GH¢10
CHECKS WITH some banks indicate that whilst some banks are quoting GH¢9.95 to the dollar, others are selling a dollar for GH¢9.90. However, the situation is worse at the forex
Cedi Loses 19.2% To Dollar – BoG
THE BANK of Ghana (BoG) has disclosed that the cedi lost 19.2 per cent in value to the US dollar in almost seven months of 2022. According to the