ALL POSTS FILED UNDER: CEDI
It’s not true that budget doesn’t say anything about the Cedi – Kojo Oppong Nkrumah
Add a CommentNew 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 →
Cedi ends January with 2.80 % depreciation rate
Add a CommentTHE Ghana Cedi ended the first month of 2017 with a depreciation rate of 2.80 percent against the US dollar, according to investment bank, Frontline Capital Advisors. Among six African currencies that were captured by thecapital advisors, the cedi, the … Read more →
There’s more dollars to stabilize cedi – Bank of Ghana
Add a CommentGovernor of the Bank of Ghana (BoG), Dr Abdul Nashiru Issahaku is asking businesses not to panic over the current challenges facing the cedi. The local currency over the past three weeks has witnessed some consistent decline in value with the … Read more →
Cedi not among best performing currencies in Africa
Add a CommentDespite its relative stability this year, the Ghana cedi is not among the top 10 performing currencies in sub Saharan Africa, Business Finder’s checks reveal. This is also contrary to President Mahama’s assertion that the local currency which has lost … Read more →
Cedi to trade at GH¢4.10 against dollar
Add a CommentThe Ghana cedi could trade between GH¢3.97-4.10 to the US dollar in the next two months, Ecobank Research has predicted. In its latest Ghana Economic Strategic Report for Quarter 3, the renowned research institution based in London said the dollar … Read more →
Cedi falls against pound as UK votes to exit EU
Add a CommentGhana’s cedi suffered a slight loss against the pound after Britain voted to exit the EU on Thursday. While England voted overwhelmingly for BRexit, short form of British exit, Scotland and Northern Ireland backed Remain. London backed Remain but the … Read more →
Cedi 7th worst African currency
Add a CommentOut of 25 Sub Saharan African currencies captured by Ecobank Research, the Ghana cedi is the 7th worst performing currency in Africa despite the relative stability against the dollar in the first quarter of this year. The local currency had … Read more →
Cedi loses 7 pesewas in Q1- But worse than naira, Kenyan shilling
Add a CommentTHE Ghana cedi which in recent years has witnessed sharp depreciation against the US dollar during the beginning of every year recorded a marginal 7 pesewa loss in value against the American currency, about 0.48 percent depreciation for the first … Read more →
Cedi records impressive stability in Q1 of 2016
Add a CommentSome economists have lauded the central bank for the stabilizing cedi in the first quarter of this year. According to economist Dr Ebo Turckson, the stability in the currency can be attributed to importers being allowed to trade in the … Read more →
Cedi to depreciate by 15% in 2016
Add a CommentGHANA’S currency the cedi which depreciated by about 18.75 per cent against the US dollar in 2015 is expected to depreciate by about 15 percent this year. This means the cedi which has been battling instability against the American currency … Read more →
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(Nana Kwesi)