Tag Archives: CEDI

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 …

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 …

The Member of Parliament for Bolgatanga Central, Isaac Adongo, has attributed the cedi’s continual depreciation against the dollar to what he describes as illegal injections of Ghana cedis into the economy by the Bank of Ghana. Mr. Adongo alleged that the problem is a result of the Bank of Ghana‘s defiance and disregard …

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. …

Reports have indicated that the Bank of Ghana received the $790 million of the Cocoa Syndicated loan on October 29, 2022. According to a myjoyonline.com report, the cedi equivalent will be given to cocoa farmers for the purchase of cocoa beans. Ghana in recent times has had to rely on …

Financial Analyst at Dalex Finance, Joe Jackson, is optimistic the local currency – Cedi – will soon stabilize and trade among major trading currencies, especially the US dollar. According to him, dollars will soon not be on the market due to the unwillingness of Ghanaians to purchase the currency at …

Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra. On the Interbank forex rates from the Bank of Ghana on, October 21, 2022, the Ghana Cedi is trading against the dollar at a buying price of 12.5823 …

The woes of the Ghana cedi continued as it depreciated further to about ¢13.75 to the US dollar less than a day, after reaching ¢13 on October 19. This is equivalent to about 12% depreciation in only four days of this week. The local currency is also depreciating faster than …

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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