PROCEEDS FROM a US$750 million Afreximbank loan agreement recently approved by Parliament should provide foreign exchange support and slow the cedi’s depreciation in the coming days, AZA Finance, Africa’s
Cedi Gains 8% Appreciation
The local currency THE CEDI has gained about eight percent appreciation on the trading market in the last few weeks, Â Â analysts have confirmed. The local currency started the year selling
Cedi To Stabilise In 4th Quarter
Dr Ernest Addison THE PERSISTENT pressure experienced by the local currency in the third quarter, which saw it depreciate more than 4 percent, has started to ease. The cedi weakened
Cedi Strengthens Against Dollar
The local currency THE GHANA Cedi strengthened to 5.7700 against the US dollar from 5.7850 this week amid implementation of newly reviewed taxes on fuel. AZA Finance, Africa’s largest non-bank currency broker by
Cedi Remains Strong
The Bank of Ghana has indicated that its strong foreign exchange reserve position has provided an anchor for exchange rate stability. Cumulatively, even though the cedi has depreciated by 2.9