Tag Archives: cedi depreciation

Ken Ofori-Atta, Minister of Finance, stated in the 2023 budget statement that Ghana’s public debt has increased by GH₵93 billion ($6.53 billion at the current rate) due to the depreciation of the Ghanaian cedi alone since the beginning of 2022. According to him, the said amount is twice more than …

25-year-old sex worker Abena has disclosed that they have also increased their prices due to the current economic crisis that Ghana is facing. Speaking on SVTV Africa with DJ Nyaami, Abena indicated that some sex workers have already increased their prices. However, she is yet to make the necessary changes …

“The Akufo-Addo government has not thrown its hands up in despair at this development. We are determined to bring relief to the Ghanaian people, and return the economy back to the high rates of growth that characterised the management of our economy in the three (3) years preceding the COVID …

The performance of the local currency against the US dollar especially, has left many Ghanaians and market watchers in panic mode. As at the end of Friday, August 12, 2022, the local currency was selling above GH¢9 to the US dollar with renewed fears of the currency heading toward the …

Kwaw Kese says Bawumia’s cedi is struggling Cedi depreciates against the dollar Kwaw Kese reacts to fuel price increment Ghanaian rapper, Kwaw Kese, has called out Vice President, Dr Mahamudu Bawumia, for failing to honour his campaign promise of reviving the Ghanaian economy. In a time when the cedi’s woes keep …

Vice President Dr. Mahamudu Bawumia has taken a dig at the opposition National Democratic Congress’ (NDC) explanation for the depreciation of the cedi. The opposition party had trumpeted a popular quote from Dr. Bawumia that “if your fundamentals are weak, the exchange rate will expose you” to show that NPP …

As the cedi continues to show some weakness against the dollar, there are calls from observers to halt the rate of depreciation the currency to stabilize prices. The local currency since the beginning of the year has seen over 8.6 percent depreciation, causing currency analysts to question measures put in …

The Ejura-Sekyedumase Constituency Secretary of the opposition National Democratic Congress(NDC) Okai Attakorah Gibson has urged Vice President Dr Mahamudu Bawumia to apologize to Ghanaians over his inability to stabilize the cedi. According to him, the Veep as the head of the country’s Economic Management Team has failed to honour his …

The Member of Parliament for Assin Central, Kennedy Agvyapong has bemoaned of the depreciation of the cedi citing that it has prevented him from satisfying his wife sexually. Speaking on the depreciation of the cedi on Adom Tv, the politician who looked fumed about remarks made by the former president …