1$ equals ¢11.62 as cedi depreciation pressures rise
The depreciation pressures on the Ghana cedi continued relentlessly today as the local currency sold at ¢11.62 pesewas in the…
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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…
BoG dollar auction: Demand outstrips supply by $72.2m as $1 hits ¢10.92
Demand for the US dollar fell marginally again, according to the latest auction of the American ‘greenback’ by the Bank of Ghana…
BoG moves to check ‘street dollar’: Standing task force to ensure sanity
A STANDING task force comprising staff of the Bank of Ghana (BoG), police officers and other law enforcement agencies has been…
Absa Bank projects ¢12 to a dollar end-year rate
Pan African bank, Absa, is projecting a further fall in the value of the cedi to an end-year rate of about ¢12 to a US dollar.…
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,…
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…