Cedi records 18.21% depreciation to dollar in quarter – Bloomberg
The cedi recorded an 18.21% rate of depreciation to the US dollar in the first quarter of 2022, according to Bloomberg.
This…
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cedi
Cedi depreciation slows down; now sells at about ¢7.84
The cedi appears to be responding positively to the recent increment in the Policy Rate by 2.5 percentage points to 17% and other…
Cedi ends with 4.1% depreciation rate to the dollar in 2021
The cedi throughout last year appreciated against the Euro recording it’s highest appreciation rate of 4.9% in November.
The…
We’ve managed the cedi better – Dr. Bawumia
Vice President, Dr. Mahamudu Bawumia, has said that the management of the cedi against other foreign currencies on the…
Think Tank predicts ¢6.45 against dollar by end of year
The Ghana cedi will hit ¢6.45 by the end of this year, according to projection by economic and finance think tank, Center for…
BoG signals commitment to preserve cedi stability
The Bank of Ghana has indicated its firm commitment to preserve the stability of the cedi going forward, particularly in the…
Mining industry contributes to stability of the Cedi
The CEO of Chamber of Mines Sulemanu Koney, has said that gold was a major contributor to the cedi's stability this year…
BoG to build additional reserves to deal with cedi depreciation
The Bank of Ghana says it intends to build additional reserves of up to 300 million cedis to stabilize the country’s currency.…
Why the cedi’s appreciation is good for Ghana’s public debt
The cedi’s battle against the US dollar has always been one-sided – with the local currency’s struggles well documented.
It is…