The 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 →
Some forex bureaus are selling the dollar at ¢11.2 to $1 as at Saturday, October 8, 2022. Some forex bureau operators expressed hope the the government and the the Bank of Ghana will institute strong measures to curtail the fall of … Read more →
The 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 →
The 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 →
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 →
The 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 →