ALL POSTS FILED UNDER: CEDI
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 →
1st year economic students know causes of cedi fall; ‘rescue’ committee needless – Mahama
Add a CommentFormer 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 →
Cedi can’t be printed in Ghana for now – BoG
Add a CommentThe Head of the Currency Processing Operations at the Bank of Ghana, Dominic Owusu, has disclosed that Bank of Ghana has no intention of setting up a printing facility to print Cedis anytime soon. “We don’t have the capacity and … Read more →
Cedi depreciation is a disguised blessing
Add a CommentFor some time now, our airwaves, print and even social media seem to have had a respite on the issue of cedi depreciation and rising exchange rates. Experts and politician alike also have had same recession on the topic. But … Read more →
Cedi depreciates 1.83% in Q3
Add a CommentTHE cedi depreciated by some 1.83 per cent to the US dollar from July 1 to September 31, 2019, representing a relatively stable quarterly performance by local currency. The currency had collectively lost about 9.0 per cent in value in … Read more →
Cedi will regain strength in weeks — Ofori-Atta
Add a CommentThe Minister of Finance, Mr Ken Ofori-Atta, has given an assurance that the cedi will begin to appreciate against the major currencies within the next two weeks. “The reversal will occur and it is going to be pretty stable,” Mr … Read more →
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(Nana Kwesi)