Cedi to continue losing streak; depreciates by about 17% to dollar

May 15, 2024 The Ghana cedi will continue to lose ground to the major trading currencies this week on the back of persistent corporate demand. These are the views of some currency analysts and traders...

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May 15, 2024 / Comments (0)

Cedi depreciated by 19.1% to dollar in January 2023 – BoG

January 31, 2023 The Ghana cedi has depreciated by a substantial 19.1 per cent to the US dollar this January 2023. According to the Summary of Economic and Financial Data from the Bank of Ghana seen by...

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January 31, 2023 / Comments (0)

Year-to-date: Cedi depreciates by 12.7% to dollar; second weakest among top African currencies

January 18, 2023 With only 17 days into the year, the Ghana cedi has depreciated by about 12.7% to the US dollar. The significant fall in the value of the cedi which occurred yesterday, January 16, 2023 and...

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January 18, 2023 / Comments (0)

Cedi depreciates marginally to sell at ¢12 to a dollar

January 11, 2023 The Ghana cedi is now selling at ¢12 to the US dollar in the retail or forex market, following days of sustained stability. This is about 0.86% loss in value since the beginning of the...

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January 11, 2023 / Comments (0)

Cedi to witness mixed performance this week

November 29, 2022 Given the looming sovereign debt treatments, the cedi is expected to see a mixed performance this week as investors continue to digest the 2023 budget. According to Databank Research,...

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November 29, 2022 / Comments (0)

“Don’t panic” – Ken Ofori-Atta reacts to cedi depreciation

October 22, 2022 The Minister of Finance, Ken Ofori-Atta has urged Ghanaians not to panic or put further pressure on the cedi, as the cedi continued its rapid slide against the US dollar in October....

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October 22, 2022 / Comments (0)

Cedi records highest depreciation against dollar in 36 weeks

September 13, 2021 Analyst says uptick in economic activities responsible The local currency is back into free-fall mode against its major counterpart trading currency, the US dollar, as it records its...

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September 13, 2021 / Comments (0)

Cedi posts election-year milestone

January 12, 2021 The cedi broke its own record last year by weathering the perennial pressures and anxieties associated with elections to post a depreciation rate that is the healthiest in all election...

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January 12, 2021 / Comments (0)

We’ve put enough measures in place to stabilize cedi – BoG Governor

September 29, 2020 Governor of the Bank of Ghana, Dr. Ernest Addison has expressed confidence in the ability of the local currency to continue with its impressive streak of relative stability in the short to...

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September 29, 2020 / Comments (0)

BoG to build additional reserves to deal with cedi depreciation

July 29, 2020 The Bank of Ghana says it intends to build additional reserves of up to 300 million cedis to stabilize the country’s currency. This will be a medium-term solution to prevent the free fall...

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July 29, 2020 / Comments (0)