Tag: Cedi depreciation
Cedi Recovers Lost Value Against Major Currencies, but Volatility Continues
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...
The stability of the Cedi has decreased as $1 now equals...
The recent gains by the Ghana cedi has come to a halt as the local currency lost some stability to the US dollar today...
Cedi may depreciate further in 2023 first quarter – Ato Forson...
Ranking Member on the Finance Committee of Parliament, Dr Cassiel Ato Forson expects the Ghana cedi to depreciate further from January to June this...
Speculations, economic uncertainties affect Cedi strength, not fiscal factors – Ofori-Atta
Finance Minister Ken Ofori-Atta has told the ad hoc committee that is investigating the allegations against him made by the Minority that the performance of...
Dealing with Cedi depreciation: BoG, Government begin consultations – Oppong Nkrumah
Kojo Oppong Nkrumah, the Minister of information, has said that the Bank of Ghana and government have initiated a series of consultations aimed at...
Rush for dollars to import Xmas goods caused Cedi depreciation –...
The Minister of Finance, Ken Ofori-Atta, has urged Ghanaians to not panic or put further pressure on the cedi as the currency continued its...
More people are giving up on the Dollar, Cedi will stabilize soon...
The Cedi is going to stabilize soon, a financial analyst at the Dalex Finance, Mr Joe Jackson has said.
Soon, he said, there will be...
Forex Challenges: Analyst warns of return of cash-and-carry at hospitals
Ghanaians could find themselves in cash-and-carry situations at health facilities because of Ghana’s forex challenges, Dr. Kwame Sarpong-Asiedu, a research fellow with CDD-Ghana, has...
World’s worst performing currency against the Dollar is the Ghana Cedi
Ghana’s cedi slumped to become the world’s worst-performing currency this year as investors continued to squeeze foreign capital to the west African country before...
In less than a year, Cedi lost 40% value to dollar,...
The Ghana cedi lost 40.05% in value to the US dollar in nine months of 2022, ranking it as the second worst performing currency...
