Stabilising the cedi; BoG to hold series of discussions with banks, forex…
In an effort to halt speculation and stabilitise the foreign exchange market in the country, the Bank of Ghana will hold (Tuesday…
Browsing Tag
cedi
Talking down the cedi in the media does not help – Gabby
A leading member of the New Patriotic Party (NPP), Gabby Asare Otchere-Darko has urged the media to desist from fuelling…
Gov’t, GUTA agree on concessions to re-open shops
The government and Ghana Union of Traders Association (GUTA) have agreed on some concessions necessary for members of the…
$1 now sells for ¢13.75 as cedi suffers more depreciation
The woes of the Ghana cedi continued as it depreciated further to about ¢13.75 to the US dollar less than a day, after reaching…
Cedi loses 37.5% in value to dollar as of September 30, 2022 – BoG
As of September 30, 2022, the Ghana cedi had depreciated by 37.5% to the US dollar, the Bank of Ghana has said.
At the same…
World Bank explains why cedi keeps falling and US dollar keeps winning
The US dollar is on a tear, strengthening around 11% since the start of the year and – for the first time in two decades –…
Cedi strengthens against dollar; $750m Afreximbank loan, BoG actions…
The value of the cedi has begun strengthening against the US dollar, following its consecutive sharp depreciation against the…
Cedi hits ¢10 to a dollar
The Ghana cedi has hit the ¢10 mark as it traded at ¢10.01 in the retail market yesterday August 18th, 2022.
At the same time,…
Bank of Ghana raises policy rate to 22 per cent
The Bank of Ghana (BoG) has raised the policy rate by 300 basis points to 22 per cent in a historic move meant to ease growing…
Better to invest in Dollar, treasury bills don’t make sense –…
An Economist at the University of Ghana Business School, Professor Lord Mensah says the US dollar has emerged as a store of…