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    cedi

    Cedi recoups losses against US dollar

    by OmankyeameBusinessMarch 8, 2023

    The cedi recouped some lost value against the US dollar and other major trading currencies last week. At the close of trading in the week ending March 4, the local…

    Cedi could exchange for GHC100 to US$1 if debt restructuring fails, says economist

    by OmankyeameBusinessNewsFebruary 7, 2023

    A research fellow at the Institute of Fiscal Studies, Said Boakye, has painted a gloomy picture of Ghana’s economy should the debt restructuring fail to work. He said the cedi…

    Cedi losing grounds against dollar

    by OmankyeameBusinessNewsJanuary 6, 2023

    The Ghana cedi is beginning to lose grounds to the US dollar after performing impressively over the last month.Figures from the Bank of Ghana (BoG) for Thursday, January 5, 2023,…

    Cedi strengthens again against dollar; $1 equals ¢13.40

    by OmankyeameBusinessNewsNovember 1, 2022

    The Ghana cedi strengthened once again by about 20 pesewas against the US dollar today November 1, 2022 to sell at ¢13.40 in the retail or forex market. This is…

    Kumasi traders suspend planned protest over cedi fall

    by OmankyeameNewsOctober 31, 2022

    About six trader groups and importers in Kumasi in the Ashanti Region have suspended a planned protest scheduled for 5 November. The leadership of the traders took the decision after…

    Gov’t announces 5 measures to stop free fall of cedi

    by OmankyeameBusinessNewsOctober 31, 2022

    The Government of Ghana has adopted five measures to prevent further free fall of the cedi. President Nana Addo Dankwa Akufo-Addo announced these measures on Sunday, when he addressed the…

    Censorship Motion Restores Trust In Cedi – Speaker

    by OmankyeameNewsOctober 29, 2022

    SPEAKER OF Parliament, Alban Sumana Kingsford Bagbin, yesterday claimed credit for Parliament for the increase in value of the cedi against the dollar in the forex markets, asserting that the…

    Cedi worst performing currency in Africa – World Bank report

    by OmankyeameBusinessNewsOctober 7, 2022October 7, 2022

    The World Bank has ranked the Ghana cedi as the worst-performing currency in Africa since the beginning of the year with a depreciation of 60 per cent against the United…

    Cedi is the third strongest currency in Africa, don’t believe naysayers – Dr. John Kumah

    by OmankyeameBusinessNewsSeptember 10, 2022

    The Deputy Finance Minister, Dr. John Kumah, has debunked claims that the Ghana cedi is the weakest currency in Africa. According to him, such a claim is mere propaganda meant…

    Cedi strengthens against dollar; $750m Afreximbank loan, BoG actions yielding results

    by OmankyeameBusinessNewsAugust 29, 2022

    The value of the cedi has begun strengthening against the US dollar, following its consecutive sharp depreciation against the American currency for almost six weeks. Joy Business checks at some…

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