ALL POSTS FILED UNDER: CEDI
Cedi posts 37% year-to-date appreciation against dollar
Add a CommentThe cedi’s sustained “good run” against the dollar over the past two weeks of October 2025 has helped erase the local currency’s losses posted in the third quarter of the year. Data from Bloomberg News and the World Bank show … Read more →
Cedi appreciates by 40.7% to US dollar in seven months of 2025 – BoG
Add a CommentThe Ghana cedi appreciated by 40.7% against the US dollar in the first seven months of 2025. According to the Bank of Ghana’s July 2025 Summary of Economic and Financial Data, the cedi trade at GH¢10.45 to one US dollar … Read more →
Cedi to remain broadly stable in coming months; gained 30% against dollar since January 1
Add a CommentThe Ghana cedi is anticipated to remain broadly stable in the coming months. According to Fitch Solutions, this reflects robust external buffers, with international reserves having risen to a near-record US$7.9 billion in April 2025, equivalent to around 4.0 months … Read more →
Prez. Mahama reveals the ‘real value of the cedi’ and what’s causing its appreciation
Add a CommentPresident John Dramani Mahama has stated that the true value of the Ghana cedi against the US dollar lies between GH?10 and GH?12. According to him, the recent appreciation of the local currency is due to a balance between imports … Read more →
Mahama gov’t policies behind Cedi’s strong performance – Sammy Gyamfi
Add a CommentThe recent appreciation of the Ghana cedi—up 16.7% between January and May 2025—is the result of strategic policy interventions by the Mahama-led government, according to Sammy Gyamfi, Acting CEO of the Ghana Gold Board and National Communications Officer of the … Read more →
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 →
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