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 →
The 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 →
For 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 →
THE 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 →
The 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 →
The local currency could end the year 2018 at GH¢4.42 against the US dollar, about 0.67 percent appreciation to the American currency, BMI, the research arm of ratings agency, Fitch’s 2018 analysis of the Ghanaian economy indicates. The Ghana cedi … Read more →
The local currency is expected to continue its trend of appreciation against the US dollar after making some modest gains against the American green back last week. The cedi remained unchanged at 0 percent against the American dollar, and according … Read more →
THE local currency, the cedi, is expected to strengthen against the US dollar for the rest of the year as economic growth outperforms earlier estimates, BMI, the research outfit of ratings agency Fitch has predicted. It is therefore projecting an … Read more →
-Traded at GHc4.56to the dollar by mid-morning yesterday THE gains the Cedi made this week is expected to continue next week as forex inflows improve amid lower import demands on the currency. After touching record lows of GHc4.7 to the … Read more →
New Patriotic Party (NPP) Member of Parliament for Ofoase-Ayirebi, Kojo Oppong-Nkrumah, has rubbished claims that Akufo-Addo administration’s maiden budget statement did not have plans to tackle the depreciating Cedi. He asserted that, the government did indeed proposed clear policies, anchored … Read more →