The 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 →
The 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 →
The 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 →
The 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 →
Director 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 →
Global 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 →
The 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 →
Economist 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 →
The 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 →
Former president John Dramani has described as unnecessary, the committee set up by the government to among other things, investigate the instability of the Ghana cedi. On the back of consistent depreciation of the Ghana cedi, the government through the … Read more →