Finance

This is the amount you need in cedis to obtain 100 Euros

If you need to make a payment in Euros, you now need approximately 18 cedis to get 1 Euro or GH₵1,800 to get 100 Euros.

According to CediRates, the average rate for €1 is GH₵18.00, compared to GH₵17.14 three months ago.

This estimate was derived from data collected from banks, forex bureaus, and money transfer companies.

The rise in inflation can be attributed to several factors. Ghana’s annual consumer inflation rate has been fluctuating, with a recent increase to 21.5% in September 2024, up from 20.4% in August.

This has negatively impacted the cedi’s exchange rate against the Euro.

Additionally, global economic conditions and local fiscal policies have played a role in the cedi’s depreciation.

However, the Bank of Ghana says it has been working to stabilize the currency, but challenges remain due to external economic pressures and domestic economic policies.

See the post below:

 

Source: www.ghanaweb.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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