The Ghana cedi will recoup some losses in the coming days following an improved performance against the US dollar last week. The local unit gained 0.10% against the American greenback last week to close trading at GH¢15.69. This performance signalled good times ahead. The cedi held ground against the dollar …
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The Ghana cedi remained stable in June 2023 and July 2024 against the US dollar, indicating the positive impact of the International Monetary Fund (IMF) programme on Ghana. According to data from the Bank of Ghana, the cedi’s Year-To-Date depreciation stood at 22.1% as of July 21, 2023. This is …
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The Ghana Union of Traders Associations (GUTA) has appealed to its members to adjust the prices of goods and services in accordance with recent stability of the local currency. According to the leadership of GUTA, recent efforts by government and the Bank of Ghana have seen a stability in the …
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The Local currency [Ghana Cedi ] weakened to a fresh low against the dollar this week, depreciating to 8.04 from 7.95 at last week’s close. Amid mass protests over soaring inflation and its weakening currency, the country, late last week, reversed its decision to refrain from requesting international financial aid. …
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The Vice President, Dr. Mahamudu Bawumia, has attempted to give reasons for the troubles of the Ghana cedi. The head of the government’s economic management team blamed the woes of the cedi largely on negative credit ratings, challenges in getting the 2022 budget passed, and the refusal of investors to …
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The founder of the Danquah Institute, Gabby Asare Otchere-Darko, has served notice to Ghanaians to be ready for further depreciation of the local currency, the Ghana Cedi due to the Russia – Ukraine conflict. The political strategist said other African currencies will suffer the same fate as the US dollar …
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On the Interbank forex rates from the Bank of Ghana today, November 23, 2021, the Ghana Cedi is trading against the dollar at a buying price of 5.9083 and a selling price of 5.9143. The figures were the same as yesterday’s. At a forex bureau in Accra, dollar is being bought …
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