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Cedi to depreciate 30% to dollar in 2023 – EIU

May 2, 2023 Economist Intelligence Unit (EIU) is predicting a 30% depreciation of the cedi to the dollar in 2023. This is however lower than the about 44% depreciation of the local currency in 2022....

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May 2, 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...

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April 18, 2023 / Comments (0)

Cedi to record mixed performance this week

April 12, 2023 The Ghana cedi is expected to record a mixed performance this week as the market awaits a decision of Ghana’s external debt restructuring with its bilateral creditors. The Paris Club of...

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April 12, 2023 / Comments (0)

Cedi continues strong performance; $1 now ¢10.80

April 5, 2023 The Ghana cedi continued its strong run against the US dollar today, April 4, 2023, as it sold below ¢11. Checks by Joy Business at the forex bureaus indicate that the cedi is going for...

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April 5, 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...

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March 29, 2023 / Comments (0)

Cedi may record mixed performance to dollar this week

March 22, 2023 The Ghana cedi may record mixed performance against the US dollar this week. This will be similar to what transpired last week as the local currency depreciated by a marginal 0.20% to the...

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March 22, 2023 / Comments (0)

Cedi recovery continues; $1 equals ¢12.50

March 7, 2023 The recovery of the Ghana cedi continued today March 7, 2023 as the local currency gained some 30 pesewas from last Friday March 3, 2023 pricing to lower its year-to-date loss. The local...

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March 7, 2023 / Comments (0)

Cedi lost 1.94% value to dollar last week; $1 equals ¢13.05

February 28, 2023 The Ghana cedi lost about 1.94% value to the US dollar last week to trade at an average of ¢13.0. The local currency closed the week at an indicative rate of ¢11.01/$1 on the interbank...

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February 28, 2023 / Comments (0)

Cedi lost 3.14% value to dollar last week; near-term outlook uncertain

February 21, 2023 The Ghana cedi lost about 3.14% value to the US dollar last week as the renewed depreciatory pressures set in. It started the week at about ¢12.50 to the American greenback, but ended the...

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February 21, 2023 / Comments (0)

Cedi continues rise against dollar; gained 0.81% last week

February 14, 2023 The Ghana cedi continued to rise steadily against the US dollar amidst the Bank of Ghana’s tight foreign exchange intervention. Last week, the local currency gained about 2.31% in value...

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February 14, 2023 / Comments (0)