Tag Archives: Forex Market

The cedi is expected to remain relatively stable on the forex market this week. Analysts believe a positive Mid-Year Budget Review this month and a successful first evaluation of the International Monetary Fund programme could set the tone for the local currency’s trajectory in the second half of 2023. The …

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 …