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…
Browsing Tag
cedi
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…
BoG gives assurance cedi’s stability will be restored
The Bank of Ghana has given strong indication that the recently approved $750 million Afriexim loan facility by Parliament once…
Depreciation of the Cedi shows lack of confidence in economy – Mahama
Former President John Dramani Mahama says the steep depreciation of the Ghana Cedi in recent days clearly shows that the mid-year…
Cement prices to hit ¢68 per bag due to cedi depreciation – Manufacturers
Cement prices are expected to be increased from next week.
The wholesale price of a 50 kilogramme bag is expected to hit…
Rising external debt sparks foreign currency demand, cedi depreciation
Auditing and management firm, Deloitte Ghana is warning that the country’s rising external debt will lead to increased demand for…
Cedi still worst performing currency in Africa; depreciates 28.8% to dollar…
The precarious situation of the cedi is not getting any better soon, as the local currency has recorded a -28.82% depreciation to…
Cedi troubles yet to be over; loses about 7% value to U.S dollar in July
The cedi lost a little over 7% in value to the US dollar in the first month of the third quarter of 2022, taking the year-to-date…