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
Cedi To Enjoy Relief From Afreximbank’s Flows
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