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)

Cedi likely to strengthen against dollar amidst debt sustainability outlook 

December 7, 2022 The Ghana cedi is likely to strengthen against the US dollar and other major foreign currencies amidst clarity on Ghana’s debt sustainability outlook, many analysts have projected....

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December 7, 2022 / Comments (0)

Cedi to witness mixed performance this week

November 29, 2022 Given the looming sovereign debt treatments, the cedi is expected to see a mixed performance this week as investors continue to digest the 2023 budget. According to Databank Research,...

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November 29, 2022 / Comments (0)

Banks, forex bureau to check cedi depreciation

October 26, 2022 The leadership of universal banks in the country and the Association of Forex Bureau Operators have agreed to work in close collaboration to stem the rapid depreciation of the Ghana cedi....

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October 26, 2022 / Comments (0)

“Don’t panic” – Ken Ofori-Atta reacts to cedi depreciation

October 22, 2022 The Minister of Finance, Ken Ofori-Atta has urged Ghanaians not to panic or put further pressure on the cedi, as the cedi continued its rapid slide against the US dollar in October....

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October 22, 2022 / Comments (0)

Government is committed to stabilizing the cedi – Ken Ofori-Atta

June 24, 2022 Minister for Finance, Ken Ofori-Atta has assured that government remains committed to implementing measures to address the perennial depreciation of the Ghana cedi against its major trading...

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June 24, 2022 / Comments (0)

Trading in dollars, others: banks, forex bureaus are only licensed institutions to do so – BoG

June 8, 2022 The Bank of Ghana has reiterated that universal banks and foreign exchange bureaux, are the only institutions licenced to trade in foreign currencies in Ghana. This move is expected to...

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June 8, 2022 / Comments (0)

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)