• The cedi traded against the dollar at a mid-rate of 5.7512 • It’s trade value against the Pounds Sterling stands at 7.9450 mid-rate •...
In the Republic of Ghana, the sole legal tender is the Ghana Cedi and Ghana Pesewa. The Foreign Exchange Act of 2006, Act 723, prohibits pricing,...
Ghana’s cedi has weakened every year since at least 1994. Now the central bank appears to have drawn a line in the sand, ready to intervene...
The further weakening of the Ghanaian Cedi against the U.S. dollar will worsen the impact of coronavirus pandemic, the International Monetary Fund has said. Since late...
The resurgence of demand on the trading market has led to the cyclical depreciation of the Ghana cedi against three major trading currencies on the interbank...
Despite all the gains made by the local currency against its major trading currencies at beginning of the year, especially the United States dollar, the coronavirus...
Depreciation of Ghana’s local currency – Cedi – can partly be blamed on Churches operating in Ghana with headquarters based outside the country, a senior technical...
The Finance Minister Ken Ofori-Atta has revealed that the government will constitute a bi-partisan committee to probe the recent depreciation of the cedi and suggest measures...
The recent depreciation of the Cedi against major international currencies, especially the dollar, has added GH¢15.3billion to the country’s external debt stock, the Minority has said....
President Nana Akufo-Addo has called for broadening of the discussions on the struggling cedi which he previously said has left him “extremely upset and anxious”. Speaking at...