Cedis
Tag Archive

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)

Cedi to end 2023 at ¢11.40 to a dollar – Fitch Solutions

September 12, 2023 Fitch Solutions is forecasting that the Ghana cedi would end 2023 at ¢11.40 against the US dollar. This is lower than the ¢12.40 it predicted early in the year, at a time Ghana was yet to...

Written by:

September 12, 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...

Written by:

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...

Written by:

August 30, 2023 / Comments (0)

Mid-year budget: Cedi depreciated by 22.1% against the US Dollar – Finance Minister

August 1, 2023 The Minister of Finance Ken Ofori-Atta has said that overall first-quarter growth for 2023 was 4.2 percent, up from 3 percent recorded for the same period in 2022. This growth, he said,...

Written by:

August 1, 2023 / Comments (0)

Cedi to continue stability against dollar, others this week

July 4, 2023 The Ghana cedi is expected to continue its stability against the US dollar and other major currencies this week. This is expected to be supported by improved foreign exchange support from...

Written by:

July 4, 2023 / Comments (0)

Ghana’s local currency ratings upgraded by Moody’s

June 13, 2023 Moody’s Investors Service has upgraded the Government of Ghana’s local currency long-term issuer rating from Ca to Caa3, with a stable outlook. The local currency rating has...

Written by:

June 13, 2023 / Comments (0)

Pressure mounts on cedi; loses 9% in value to dollar last week

May 31, 2023 Pressure on the Ghana cedi continues to surge after some sterling performance two weeks ago, making it the world’s top-performing currency during the period. The local currency lost about...

Written by:

May 31, 2023 / Comments (0)

Cedi to exhibit mixed performance against dollar this week

April 18, 2023 The Ghana cedi is expected to exhibit mixed performance against the US dollar for the second week running. This is because of the uncertainty characterising the expected International...

Written by:

April 18, 2023 / Comments (0)

Cedi starts week on strong note; $1 now ¢12.25

March 29, 2023 The Ghana cedi started this week on a strong note gaining some grounds against the US dollar in the retail or forex market. The local currency gained about 20 pesewas in value against the...

Written by:

March 29, 2023 / Comments (0)