Cedi depreciates 3.56% to dollar since January 1; $1 going for GH¢12.75

February 21, 2024 The Ghana cedi has lost about 3.56% in value to the US dollar since the beginning of 2024. The local currency lost ground last week despite improved market liquidity. This came on the back...

Written by:

February 21, 2024 / Comments (0)

Demand pressures for dollar to weigh on cedi this week; one dollar equals GH¢12.80

February 14, 2024 The persistent demand pressures for the dollar would continue to weigh negatively on the cedi’s performance this week. This follows a marginal depreciation of the local currency last...

Written by:

February 14, 2024 / Comments (0)

Cedi weakened 1.22% to dollar last week; one dollar going for ¢12.30

January 16, 2024 The cedi weakened 1.22% to the US dollar in the retail market last week, following depreciation pressures. It also lost 0.65% to the pound and 0.19% against the euro on the retail market,...

Written by:

January 16, 2024 / Comments (0)

Sharp drop in inflation to ease pressure on cedi; one dollar equals ¢12.23

December 19, 2023 The sharp drop in inflation in the month of November 2023 is expected to improve market sentiments and ease the pressure on the cedi in the near term. This is coming after the local...

Written by:

December 19, 2023 / Comments (0)

Foreign exchange liquidity improves marginally; one dollar going for ¢12.15

December 13, 2023 The cedi is expected to continue its marginal gain this week as foreign exchange liquidity improves. This follows the Bank of Ghana’s timely intervention. Banks sought to exchange about...

Written by:

December 13, 2023 / Comments (0)

Cedi could trade steadily against dollar in December 2023; one dollar equals ¢12.15

November 29, 2023 The cedi could trade steadily against the dollar and other major foreign currencies in the month of December. This follows expected foreign inflows from the cocoa syndication loan. The...

Written by:

November 29, 2023 / Comments (0)

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...

Written by:

November 21, 2023 / Comments (0)

Pressure on cedi to ease this week; one dollar going for ¢12.08

October 25, 2023 The pressure on the Ghana cedi is expected to ease this week, following the anticipated news of the inflow of the $800 million cocoa syndication loan by next month. Analysts believe the...

Written by:

October 25, 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...

Written by:

October 17, 2023 / Comments (0)

Cedi depreciates against the dollar by 22.5%

September 25, 2023 The Bank of Ghana has pegged the depreciation of the cedi to the American greenback at 22.5 percent as of the September 2023. One will now need GHS 11.07 to exchange a dollar on the...

Written by:

September 25, 2023 / Comments (0)