CEDI PREDICTED TO DROP SHARPLY IN 2023
The cedi will lose value relative to the dollar by around 22% in 2023, according to the UK-based Economist Intelligence Unit (EIU). According to its Africa Outlook 2023 Report, this…
HOPE IN THE GOVERNMENT RESTORED WITH STORIES OF A RISING CEDI?
In comparison to the US dollar and all other major foreign currencies, the Ghanaian cedi has maintained its upward trend. The cedi has been recovering against all the main trading…
REDUCE THE PRICE OF GOODS IN THE MARKET – BRIGHT KANKAM
Brilliant sports journalist Bright Kankam Boadu of Kumasi-based Pure FM fame has urged GPRTU and market women to lower lorry fares and the cost of items in the marketplace respectively.…
GHANA CEDI THE BEST PERFORMING CURRENCY NOW – BLOOMBERG
The cedi, the currency of Ghana, in the previous week, outperformed all other currencies against the dollar. The cedi, which had terrible performance in the previous months, has suddenly acquired strength…
CEDI DEPRECIATES AGAIN AFTER A SHORT-LIVED APPRECIATION; $1 NOW ¢14.20
The Ghana cedi has resumed its depreciation trajectory after concluding last week with a slight appreciation. The retail or forex market opened this morning, November 7, 2022, with the cedi…
THE STATE OF THE NATIONAL CURRENCY
The Ghana cedi has been performing very abysmally on the international market since the beginning of the year. An issue that is of great concern to all Ghanaians because of…
CEDI APPRECIATES AGAINST DOLLAR AS OF SEPT 1, 2022
The Ghana Cedi is now trading against the dollar at a purchasing price of 8.2284 and a selling price of 8.2366 on the Bank of Ghana’s Interbank exchange rates for…
BOG TO SHUT DOWN LICENSED FOREX BUREAUS BREACHING FOREIGN EXCHANGE LAW
Following the poor performance of the cedi against the cedi over the past weeks, the Bank of Ghana has disclosed that it will soon embark on a “clean up” exercise…
BLOOMBERG: GHANA CEDI THE WORST PERFORMING CURRENCY AFTER SRI LANKA’S RUPEE
According to a recent rating of currency performance by Bloomberg, the Ghana Cedi is currently the second-worst performing currency in the world, trailing only the Sri Lankan Rupee. The Cedi,…
A FALLING CEDI AND ITS BLOW ON REAL ESTATE IN GHANA
The dropping value of the Ghana cedi versus major trade currencies and growing import costs are once again harming the country’s real estate market. Players in the industry are being…
GHANA CEDI FINALLY BREAKS THE 8
The Ghana Cedi is currently trading against the dollar at a buying price of 8.0161 and a selling price of 8.0241 on the Bank of Ghana’s Interbank FX rates, as…
CEDI DEPRECIATION IMPEDING ON GOVERNMENT’S INDUSTRIALIZATION AGENDA
The government’s industrialization strategy is likely to face a variety of difficulties if issues affecting the cedi are not solved. According to Sandeep Sawlan, Business Development Manager of B5 Plus…
BUSINESSES IN GHANA THREATENED BY CEDI DEPRECIATION
The Ghana Union of Traders Association (GUTA) has stated that the depreciation of the cedi against other major trading currencies is alarming and the increase in the monetary policy rate…
GLOBAL CURRENCIES IN CRISIS
In the past three months, a number of nations had their currencies depreciate significantly against the dollar. The Russian Ruble appreciated versus the US dollar. The dollar gained value by…