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EIU predicts persistent stronger US dollar; one dollar equals GH¢14.90

June 6, 2024 The US dollar remains close to an all-time high in real effective terms. According to the Economist Intelligence Unit, the remarkable resilience of the greenback is a reflection on the...

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June 6, 2024 / Comments (0)

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 hits GH¢14.00 to a dollar; depreciates 12.08%

April 24, 2024 The Ghana cedi has hit GH¢14 to a dollar as the depreciation pressures continue unabated. This has culminated in its year-to-date loss of about 12.08% to the American greenback. Checks by...

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April 24, 2024 / Comments (0)

Cedi regains some stability against dollar; one dollar going for GH¢13.10

March 13, 2024 The Ghana cedi regained some stability against the US dollar last week, preserving its year-to-date loss of about 6.35%. After a difficult period in the past two weeks, the cedi regained...

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March 13, 2024 / Comments (0)

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...

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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...

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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,...

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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...

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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...

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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...

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November 29, 2023 / Comments (0)