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…
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Dollar
$1 now sells for ¢13.75 as cedi suffers more depreciation
The woes of the Ghana cedi continued as it depreciated further to about ¢13.75 to the US dollar less than a day, after reaching…
1$ 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…
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,…