ALL POSTS FILED UNDER: CEDI
Goldbod part of our strategy to reduce pressure on the Cedi – Finance Minister
Add a CommentFinance Minister Dr. Cassiel Ato Forson has described the Goldbod initiative as a game changer for Ghana’s economy, highlighting its role in stabilizing the cedi, boosting foreign exchange inflows, and creating sustainable jobs. Speaking at a recent meeting with the … Read more →
Gold coin price drops amid Cedi gains
Add a CommentThe Bank of Ghana’s (BoG) gold coin, available in three variants—a one-ounce coin, a half-ounce coin, and a quarter-ounce coin—has experienced a price reduction as of December 9, 2024. The coins are now priced at GH¢41,001, GH¢20,905, and GH¢10,887, respectively, … Read more →
Cedi records 8.3% depreciation against major currencies in 2024 – Finance Minister
Add a CommentThe Finance Minister, Dr. Mohammed Amin Adam, has stated that the Ghanaian cedi has stabilised strongly against major trading currencies since January 2024 to date due to prudent measures by the Bank of Ghana (BoG) and the Finance Ministry. He … Read more →
Cedi loses value for about 25.8% against the Dollar – BoG report
Add a CommentThe Bank of Ghana (BoG) has said that as of November 2024 the local currency, the Cedi had lost about 25.8% in value against the US Dollar. The cedi, according to the central bank, remained relatively stable between March and September this year until instated dropping … Read more →
Cedi faced cumulative depreciation of 51% against the US dollar in 2022
Add a CommentThe cedi weathered a tumultuous year in 2022, witnessing a sharp decline in value against major international currencies. According to the Institute of Statistical, Social and Economic Research (ISSER) in its 2022 state of the Ghanaian economy report, the cedi … Read more →
Cedi, inflation: I don’t foresee us hitting single digits this year
Add a CommentDirector of the Institute of Statistical, Social and Economic Research (ISSER) of the University of Ghana, Professor Peter Quartey has said he does not expect Ghana to experience a single-digit inflation and also the Cedi-Dollar exchange rate this year. He … Read more →
Debt restructuring to weaken cedi; BoG partly to blame for cedi woes – JP Morgan
Add a CommentGlobal leader in financial services and US firm, JP Morgan has warned that the probable debt restructuring of Ghana’s debt would further weaken the Ghana cedi, even if an increase in Foreign Exchange Forward Auction sizes or reversal of the … Read more →
Cedi to end 2022 at ¢7.03 to a dollar
Add a CommentThe Ghana cedi is expected to end 2022 at ¢7.03 to the US dollar, the Center for Economics, Finance and Inequality Studies of the University of Ghana has projected. According to the Center, its forecast of the end-year depreciation of … Read more →
Cedi performance in first half of the year is the best since 2014 – Dr. Ashley
Add a CommentEconomist and Business Consultant, Dr. Ebenezer Ashley has indicated that the Ghana cedi has recorded its all-time best performance for the first half of 2020 than the first six months of any year since 2012 against the U.S dollar. Dr. … Read more →
Cedi ends Feb. with 5.75% appreciation to dollar
Add a CommentThe cedi ended the month of February 2020 with an appreciation of about 5.75% to the US dollar on the interbank market. This is unlike in previous years where it depreciated, sometimes rapidly. The cedi also appreciated by 4.52% at … Read more →
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