ALL POSTS FILED UNDER: CEDI
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 →
Cedi crosses GH¢4 mark
Add a CommentThe perennial sharp depreciation of the local currency at the beginning of every year is here with us again as the Ghana cedi crossed the GH¢4 mark on Monday January 18, 2016, indicating the existence of the volatility of the … Read more →
Bank of Ghana to release $20m daily to stabilise cedi
Add a CommentThe Bank of Ghana (BoG) has decided to intervene on the foreign exchange market with a daily supply of $20 million to allow foreign investors to participate in the country’s short-term debt instruments. This is in a bid to boost … Read more →
BoG releases more dollars to stem cedi fall
Add a CommentThe Bank of Ghana (BoG) has started releasing more dollars onto the market to help halt the cedis’ depreciation. The BoG took the decision after a meeting with the commercial banks in the country last Friday. The regulator was also … Read more →
Gloating over cedi stability is sign of “weak faith” – Mensa Otabil
Add a CommentHead Pastor of the International Central Gospel Church, Mensa Otabil says the seeming excitement of some Ghanaians over the stability of the local currency-The Cedi- against the major trading currencies, especially the Dollar is a sign of weak faith. According … Read more →
Bank of Ghana given 2 weeks to file defense in cedi suit
Add a CommentThe Supreme Court has directed the Bank of Ghana (BoG) to submit in fourteen days their statement of case, in the current suit filed against it by a private legal practitioner, Dr John Ephraim Baiden, on the continuous depreciation of … Read more →
BoG says measures are slowing down cedi depreciation
Add a CommentHead of Financial Stability at the Bank of Ghana, Mr Benjamin Amoah has said there is a slowdown in the depreciation of the Cedi, after measures by the Bank of Ghana (BOG) to halt it. The BOG introduced measures at … Read more →
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(Nana Kwesi)