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Tag Archives: Pound

Pressure Mounts On Cedi; Loses 9% In Value To Dollar

Pressure on the Ghana cedi continues to surge after some sterling performance two weeks ago, making it the world’s top-performing currency during the period. The local currency lost about 9% in value last week to the US dollar in the retail market to reverse the previous week’s gains. It traded …

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Ghana’s Cedi Loses 5.01% Value To Dollar Since January 1, 2023

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 …

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