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
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