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Cedi depreciation slowed down last week; one dollar equals ¢12.18

November 21, 2023 The Ghana cedi would remain relatively stable this week, following the recent approval of the $800 million cocoa syndication loan by Parliament, and the $102.6 million African Development...

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November 21, 2023 / Comments (0)

Cedi to weaken for third weak running; going for ¢11.85 to one dollar

October 17, 2023 The Ghana cedi is expected to weaken for the third week running against the US dollar. This follows rising foreign exchange demand from local corporates and importers ahead of the Christmas...

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October 17, 2023 / Comments (0)

Cedi expected to trade steadily this week; sells at ¢11.50 to a dollar

September 5, 2023 The Ghana cedi is expected to trade steadily this week as the Bank of Ghana intervenes in the market to cool off the pressure on the local currency. Last week, the cedi came under renewed...

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September 5, 2023 / Comments (0)

Cedi to continue stability against dollar this week; sells at ¢11.43

August 30, 2023 The Ghana cedi is expected to continue its stability against the US dollar this week. This is due to an expected foreign exchange auction for Bulk Oil Distribution Companies (BDCs). While...

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August 30, 2023 / Comments (0)

Cedi continues recent gain against dollar; $1 now ¢10.40

February 6, 2023 The Ghana cedi continued its recent gain against the US dollar, starting the week on a positive note. Checks by Joy Business at the forex bureaus indicate that the local currency gained 10...

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February 6, 2023 / Comments (0)

Coronavirus erodes cedi’s gains

April 22, 2020 Despite all the gains made by the local currency against its major trading currencies at beginning of the year, especially the United States dollar, the coronavirus pandemic impact has...

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April 22, 2020 / Comments (0)