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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)

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 rallies on debt exchange announcement

December 7, 2022 There are early indications to suggest that the currency and debt markets are responding favourably to details of the Ghana Domestic Debt Exchange Programme, with the cedi recording a...

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December 7, 2022 / Comments (0)