Tag Archives: Bloomberg

The Ghana cedi lost 40.05% in value to the US dollar in nine months of 2022, ranking it as the second worst performing currency in the world in the 147th position, according to Bloomberg. This decline in the local currency against the American currency is the worst in over three …

A Bloomberg study has ranked Ghana 2nd among countries with the highest debt default risk in 2022. The country closely follows El Salvador (ranked number one) in the Sovereign Debt Vulnerability Ranking.   Ghana’s debt to Gross Domestic Product (GDP), according to Bloomberg, is estimated at 84.6% by the end …

With barely five weeks to end the year, the Ghana cedi has come under intense pressure and is being classified among African currencies with the ‘Worst Spot Returns’. It’s now ranked 14th among 20 top African currencies tracked by Bloomberg.  It was actually the best performing currency in Africa in …

Ghana may have no option to return to the International Monetary Fund for financial support if its rising debt which presently stands at a little above ¢335 billion continues to surge and create problem for the economy.   According to a Bloomberg Survey, the country may have to pay a …