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Cedi stages shock comeback with 63% gain against dollar

Businesses and households can now breathe a deep sigh of relief, as the Ghana cedi has seen a shocking recovery against the US dollar as of mid-December – appreciating by 63.7 percent. This comes as an unprecedented surprise, since just a few weeks ago the Ghana cedi was roughly battered …

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Cedi to witness mixed performance this week – Report

The Ghana cedi will continue to see a mixed performance this week against the US dollar. This is coming after a mild appreciation against the dollar and the euro last week. It closed the week with a bid/offer rate of ¢13.00/¢13.01 to the dollar on the interbank market and ¢13.40/¢14.50 …

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T-bills undersubscribed by 37% despite 34% interest rate

The results for the weekly auction of government Treasury Bills held on October 2022, showed that despite the increasing rate on the securities, it was undersubscribed. The interest shot up to as high as 34% for the 182-day T-bills, 32% for the 91-day bill, and 33% for the 364-day T-bills. …

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Cedi crosses GH¢10 to one dollar mark

The Ghanaian currency (the Cedi), which is said to be the second-worst-performing currency across the globe after Sri Lanka’s Rupee, is depreciating faster than anticipated. Even though the Central Bank has put out some emergency measures to tackle it, the continued depreciation seems to have outjumped the Bank of Ghana’s …

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