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Hassan Ayariga

Ban forex trading, halt fast depreciating cedi – Hassan Ayariga charges govt

Founder and Leader of the All People’s Congress (APC), Dr Hassan Ayariga, has asked the government to halt the fast-depreciating Ghana cedi to avert...

Cedi remains weak as cocoa export revenue drops by more than $500 million

Galamsey, climate issues, diseases, and smuggling activities compelled export revenue of cocoa to fall by more than $500 million in the first quarter of...

Cedi depreciation slows down due to reduced foreign exchange demand; one dollar equals GH¢14.92

The stabilisation of the Ghana cedi against the major foreign currencies is expected to continue this week, following a slowdown in foreign exchange demand. The...

Cedi to end 2024 at GH¢15.91 to a dollar – Report

Research firm, IC Securities has revised its end-2024 US dollar to Ghana cedi rate to GH¢15.91/US$, from its initial forecast of GH¢13.2/US$. This, it said,...
Dr Mahamudu Bawumia

Bawumia failed to stabilise the cedi and wants to be President? – Joy FM...

A number of patrons of Joy FM have expressed frustration over Ghana's current economic hardship, and subsequently casting doubt on the ability of Vice...

Blakk Cedi lauds Stonebwoy’s TGMA achievement, praises Dr Louisa

Stonebwoy's former manager, Blakk Cedi, has extended heartfelt congratulations to the dancehall artiste, Livingstone Etse Satekla, known professionally as Stonebwoy, on winning the prestigious...
cedi

Track, trace and capture remittances as a short-term measure to stabilise cedi – Dr....

A Banking Consultant Dr. Richmond Atuahene has advised the Bank of Ghana (BoG) to track, trace and capture remittances as a short-term measure to...

Election 2024: I can revive depreciating cedi – Alan Kyerematen

The Founder and Leader of the Movement for Change, Alan Kyerematen, has linked the depreciation of the Ghana Cedi to systemic deficiencies and a...
MP for Nhyiaeso, Stephen Amoah

Bawumia will use a long-term strategy to stabilise cedi when elected – Stephen Amoah

Deputy Minister for Finance, Dr. Stephen Amoah, has argued that Dr. Mahamudu Bawumia, the flagbearer of the New Patriotic Party (NPP), intends to develop...
Nhyiaeso MP

My cedi depreciation a ritual problem statement taken out of context – Minister

Deputy Minister for Finance, Dr Stephen Amoah, has clarified that his statement that the cedi depreciation is a ritual problem has been taken out...

Cedi depreciation a ritual problem; Bawumia will fix it – Minister

Deputy Minister for Finance, Dr Stephen Amoah, says the depreciation of the cedi is a ritual problem caused by the import-driven economy. Speaking to the...

Mahama never promised to stabilise ‘struggling’ Cedi in 100 days – Aide

The flagbearer of the National Democratic Congress (NDC) has denied claims of pledging to address the depreciation of the cedi within 100 days of...

Gh¢28.9bn of Ghana’s debt is as a result of cedi depreciation, not borrowing –...

The Deputy Minister for Energy has attributed the unprecedented increase in the country's debt to the poor performance of the Ghanaian cedi on the...

Bawumia reveals cedi stabilisation plan if elected President

The 2024 flagbearer of the governing New Patriotic Party (NPP), Dr Mahamudu Bawumia has revealed his intentions to adopt a new approach to stabilise...
Cedi and dollar

Demand pressures on cedi ease; one dollar equals GH¢14.90

The Ghana cedi posted a mixed performance last week as demand pressures on the US dollar eased for most of the week. However, this week,...

Cedi depreciation: Black market dealer reveals deep secret

An illegal foreign exchange dealer, operating in the ‘black market,’ is blaming some banks in the country for the constant depreciation of the cedi...

Cedi depreciates 14.6% to dollar as of May 2024 – BoG

The Ghana cedi has depreciated by about 14.6% to the US dollar as of May 2024, the Bank of Ghana has revealed. This is lower...

Armed robbers attack fuel station, bolt with one million cedis at Pakyi No. 2

Armed robbers have allegedly raided IBM fuel station at Pakyi NO2 in the Amansie West district of the Ashanti Region. According to eyewitnesses, the armed...

Ministry of Finance, BoG working to address cedi depreciation – Amin Adam

Finance Minister, Dr. Mohammed Amin Adam, has assured that the Ministry of Finance is working with the Bank of Ghana to implement measures to...

Cedi has cumulatively depreciated by 14.2% in 2024 – Amin Adam

The Minister of Finance, Dr. Mohammed Amin Adam, announced that the depreciation of the Cedi has been significantly stabilized from November 2022 to December...

Cedi depreciation: GUTA president sends important message to BoG

President of the Ghana Union of Traders Association (GUTA), has called on the Bank of Ghana (BoG) to relax the stringent documentation requirements businesses...

Armed robbers attack fuel station, bolt with 1 million cedis

Armed robbers have allegedly raided IBM fuel station at Pakyi Number 2 in the Amansie West district of the Ashanti Region. According to eyewitnesses, the...
Abossey Okai centre/ Image Source: Pulse Ghan

Cedi fall: Abossey Okai spare parts dealers to increase prices

The Abossey Okai Spare Parts Dealers Association has announced a potential price increase starting next week due to the depreciation of the cedi. Customers should...
Cedi and dollar

Cedi depreciation pressures slowdown on improved foreign exchange liquidity

The depreciation pressures on the cedi have slowed down as a result of improved foreign exchange (FX)liquidity, particularly the US dollar. This follows significant intervention...

IEA outlines measures to stabilise Ghana’s “bleeding” cedi

The Institute of Economic Affairs (IEA) has proposed several strategies to stabilize the depreciation of the Cedi. They stressed the need for immediate and concurrent...

IMF programme blamed for the cedi’s decline

Professor Godfred Bokpin, an economist and finance expert, has attributed part of the cedi’s depreciation to the International Monetary Fund’s (IMF) programme with Ghana. He...
Cedi and dollar

IMF programme blamed for the cedi’s decline

Professor Godfred Bokpin, an economist and finance expert, has attributed part of the cedi’s depreciation to the International Monetary Fund’s (IMF) programme with Ghana. He...

Banks deny engaging in practices contributing to cedi’s depreciation

The Managing Director and Chief Executive of FirstBank Ghana, Victor Yaw Asante has rejected claims that some banks are actively engaged in practices that...
Nhyiaeso MP

Patronise local tourism to stabilise Cedi – Deputy Finance Minister to Ghanaians

Deputy Finance Minister Dr. Stephen Amoah has emphasised the importance of leveraging domestic tourism to stabilise the depreciating cedi. He is thus urging stakeholders in...
cedi

Govt will act to prevent cedi from depreciating to GH¢18 per dollar – Currency...

Currency Analyst Collins Appiah has expressed confidence that the Ghanaian government will take measures to prevent the cedi from depreciating to GH¢18 against the...

Depreciating Cedi to erode projected fuel price reduction

Despite the global decline in petroleum prices, fuel consumers in Ghana are unlikely to reap the benefits of expected decreases at the pump. The rapid...

Cedi depreciation shot up cement prices – COCMAG

The Chamber of Cement Manufacturers (COCMAG) has justified the recent price hikes in cement products. According to the chamber, the increase in the prices is...

Cedi could hit GH¢20 against the dollar – Amoabeng

Founder of the defunct UT Bank and UT Holdings, Capt. Rtd. Prince Kofi Amoabeng, has predicted that the woes of the local currency could...

Cedi depreciation: How $1 reached GH₵15

The Minority has expressed concerns that the current challenges facing the Ghana cedi are far from resolved, warning that the situation is expected to...

Market sentiments contributing to cedi depreciation – Lord Mensah

Economist at the University of Ghana Business School, Prof Lord Mensah has attributed the current depreciation of the cedi to market sentiment. According to him,...

Quit dancing off-beat and fix the Cedi – Ato Forson tells Bawumia

The Minority says that the current challenges facing the Ghana Cedi are far from resolved, and the situation is expected to worsen. With the local...

Minority blames BoG, govt, for cedi depreciation causing collapse of businesses

The Minority blames the Bank of Ghana (BoG) and the government for the cedi's depreciation, which they claim is causing the collapse of businesses. At...

BoG makes significant progress on eCedi roll out – 1st Dep. Governor

The First Deputy Governor of the Bank of Ghana (BoG), Dr. Maxwell Opoku-Afari, has revealed that the central bank has made some significant progress...

Cedi fall: Duties on imported cars paid in dollars – Automobile Dealers Union

The importation of used cars into Ghana faces a significant financial obstacle because of the government's policy requiring import duties to be paid in...
Dr. Dacosta Aboagye, Government COVID-19 team

Cost of dialysis: 2 million cedis is part of our Corporate Social Responsibility – NHIA CEO

The National Health Insurance Authority (NHIA) has taken a significant step towards alleviating the financial burden faced by end-stage kidney patients. Following the increase in...
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