BoG to offload US$450m to stabilise cedi in first quarter

January 12, 2022 Quartey calls for export-driven economy The Bank of Ghana has indicated it will pump US$450million into the forex market during the first quarter in a bid to stabilise the local currency...

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January 12, 2022 / Comments (0)

Here is the cedi’s performance against major foreign currencies as at November 10

November 10, 2021 • The Cedi traded against the dollar at a mid-rate of 5.9023 • Its trade value against the Pounds Sterling was at a mid-rate of 7.9897 • The Euro’s mid-rate stands at 6.8332 On...

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November 10, 2021 / Comments (0)

Cedi records highest depreciation against dollar in 36 weeks

September 13, 2021 Analyst says uptick in economic activities responsible The local currency is back into free-fall mode against its major counterpart trading currency, the US dollar, as it records its...

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September 13, 2021 / Comments (0)

We’ve put enough measures in place to stabilize cedi – BoG Governor

September 29, 2020 Governor of the Bank of Ghana, Dr. Ernest Addison has expressed confidence in the ability of the local currency to continue with its impressive streak of relative stability in the short to...

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September 29, 2020 / Comments (0)

COVID-19: African Development Bank Group supports Ghana with $69m grant

July 29, 2020 The Board of Directors of the African Development Fund (ADF) on Friday, July 24, 2020, approved a $69 million grant to support Ghana’s efforts to tackle the COVID-19 pandemic and mitigate...

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July 29, 2020 / Comments (0)

BoG to build additional reserves to deal with cedi depreciation

July 29, 2020 The Bank of Ghana says it intends to build additional reserves of up to 300 million cedis to stabilize the country’s currency. This will be a medium-term solution to prevent the free fall...

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July 29, 2020 / Comments (0)

Government set to increase price of cocoa this year-Cocobod CEO

June 24, 2020 The Chief Executive Officer (CEO) of Ghana Cocoa Board(Cocobod), Mr. Joseph Boahene Aidoo, has hinted at conclusive discussions with President Nana Akufo-Addo to increase the price of cocoa...

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June 24, 2020 / Comments (0)

Cedi’s strength in first two months discourages local dollar accounts

May 4, 2020 The March 2020 Banking Sector Report has shown that the cedi’s strength against major trading currencies such as the dollar in the first two months of this year has made it unattractive...

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May 4, 2020 / Comments (0)

Dollarisation: BoG gets tough on companies pricing in foreign currency

February 27, 2020 The Bank of Ghana has embarked on an intensive exercise to issue final warning to companies and other organisations pricing and/or trading in foreign currency. The central bank in July 2019...

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February 27, 2020 / Comments (0)

Cedi appreciates against major currencies in January

January 31, 2020 The local currency has enjoyed a good run against its major trading partners in the first month of the year — appreciating against all the three major currencies, the dollar, euro and...

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January 31, 2020 / Comments (0)