Business Gov’t, GUTA agree on concessions to re-open shops Kofi Ahovi Oct 20, 2022 0 The government and Ghana Union of Traders Association (GUTA) have agreed on some concessions necessary for members of the…
Banking and Finance $1 now sells for ¢13.75 as cedi suffers more depreciation Kofi Ahovi Oct 20, 2022 0 The woes of the Ghana cedi continued as it depreciated further to about ¢13.75 to the US dollar less than a day, after reaching…
Banking and Finance 1$ equals ¢11.62 as cedi depreciation pressures rise Kofi Ahovi Oct 13, 2022 0 The depreciation pressures on the Ghana cedi continued relentlessly today as the local currency sold at ¢11.62 pesewas in the…
Banking and Finance Cedi loses 37.5% in value to dollar as of September 30, 2022 – BoG Kofi Ahovi Oct 6, 2022 0 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…
Banking and Finance BoG dollar auction: Demand outstrips supply by $72.2m as $1 hits ¢10.92 Kofi Ahovi Oct 6, 2022 0 Demand for the US dollar fell marginally again, according to the latest auction of the American ‘greenback’ by the Bank of Ghana…
Banking and Finance BoG moves to check ‘street dollar’: Standing task force to ensure sanity Kofi Ahovi Oct 5, 2022 0 A STANDING task force comprising staff of the Bank of Ghana (BoG), police officers and other law enforcement agencies has been…
Banking and Finance Absa Bank projects ¢12 to a dollar end-year rate Kofi Ahovi Sep 27, 2022 0 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.…
Banking and Finance World Bank explains why cedi keeps falling and US dollar keeps winning Kofi Ahovi Aug 29, 2022 0 The US dollar is on a tear, strengthening around 11% since the start of the year and – for the first time in two decades –…
Banking and Finance Cedi strengthens against dollar; $750m Afreximbank loan, BoG actions… Kofi Ahovi Aug 29, 2022 0 The value of the cedi has begun strengthening against the US dollar, following its consecutive sharp depreciation against the…
Banking and Finance Cedi hits ¢10 to a dollar Kofi Ahovi Aug 19, 2022 0 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,…