Tag Archives: Cedi Dollar

The Ghana cedi’s troubles are far from over, as it continues to lose value in relation to the US dollar and other major international currencies. Its year-to-date depreciation stood at15.16% to one American greenback, making it one of the worst-performing currencies in Africa in 2024. Most forex bureaus, according to …

The cedi lost 19.2% in value to the US dollar in almost seven months of 2022. According to the Summary of Economic and Financial Data by the Bank of Ghana, the local currency went for ¢7.43 to the American ‘greenback’ on the interbank market as of July 22nd, 2022. It …