Tag Archives: cedi

The Ghana cedi has lost about 5.01% value to the US dollar on the forex or retail market since January 1, 2023. The cedi registered significant gain of 27% in value to the American ‘greenback’ in December 2022 to reduce its year-to-date losses. This was largely due to Ghana’s Staff …

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 year. The Bank of Ghana is however quoting a dollar for ¢9.0002 on the interbank …

UK based Economist Intelligence Unit (EIU) is predicting about 22% depreciation of the cedi to the dollar in 2023. This will rank the local currency as the 3rd weakest performing currency on the African continent, according to its Africa Outlook 2023 Report. The EIU expects the exchange-rate weakness to continue …

President Nana Addo Dankwa Akufo-Addo has stated that the appreciation of the cedi against all major trading currencies is as a result of deliberate policy interventions introduced by the government over the last few months. According to President Akufo-Addo, “the strengthening of the cedi has not happened by chance, but …

The Ghanaian currency has continued to strengthen the trend against the US dollar and all the other major foreign currencies. The cedi in the last two weeks has been on a path of resurgence against all the major trading currencies. The local currency is currently trading at ¢8 to a …

Ghana’s currency, cedi took the title of the world’s best performer against the dollar this week. The cedi which in previous weeks performed abysmally has suddenly gained weight becoming the best performing currency in recent days.   There is strong indication that the debt distressed country is moving closer to …

The Bank of Ghana (BoG) has announced an upgrade on the the One Ghana (GH¢1) coin with enhanced security features. A statement from the BoG said it will issue the upgraded GH¢1 coin into circulation from Monday,12th December 2022. The coin, according to the Central Bank, is similar to the …

Ghanaian investigative journalist and the Editor-in-Chief of The Fourth Estate, Manasseh Azure, says the value of the local currency is weightier than President Akufo-Addo’s address to Ghanaians on Sunday. In a reactionary tweet after the address on Sunday evening, he said, “CONCLUSION: The value of the Cedi is far higher …

President Akufo-Addo has urged Ghanaians not to talk down on the country’s currency – the Ghana cedi. Addressing the nation on the economy on Sunday (30 October), President Akufo-Addo said, “Money doesn’t like noise. If you talk down you currency, it will go down, if you allow others to talk …

Information Minister, Kojo Oppong Nkrumah has announced that Government has outlined some immediate plans to help arrest the free fall of the Ghana cedi. According to him, Governor of Bank of Ghana (BoG), Dr. Ernest Addison has scheduled a crunch meeting tomorrow, Tuesday, October 25, 2022, with all CEOs of …