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Cedi loses 3.66% to dollar since January 1; one dollar equals GH¢12.75

The Ghana cedi has lost about 3.66% in value to the US dollar since the beginning of 2024. The local currency lost ground last week...
Managing Director of ECG, Mr Samuel Dubik Mahama

ECG blames 80% of GH¢1.9bn losses on cedi depreciation

The Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama, has attributed approximately 80 percent of the company's financial losses to...
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Kwaku Antwi-Boasiako: Cedi Depreciation and the Cost of Finance – What Bawumia does not...

Take a mortgage, for example. Mortgage banks would offer you either fixed interest rate or variable interest rate, in pricing your mortgage finance. What needs...
cedi

Demand pressures for dollar to weigh on cedi this week; one dollar equals GH¢12.80

The persistent demand pressures for the dollar would continue to weigh negatively on the cedi's performance this week. This follows a marginal depreciation of the...

Cedi to end 2024 at GH¢13.40 to a dollar

The Ghana cedi is expected to end 2024 at GH¢13.4 ± 0.10 to one US dollar. According to Databank Research, this would be influenced by...
cedi

Cedi depreciates 2.50% to dollar since January 1

Renewed corporate demand pressures saw the cedi losing value to the dollar last week, increasing its year-to-date loss to about 2.5%. This is despite the...

Cedi has responded positively to IMF programme – Governor

The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has said that the country’s monetary policies have responded positively to the International...
Cedi and dollar

Cedi depreciation slows down; one dollar going for GH¢12.38

The Ghana cedi gained across the major trading currencies last week on the back of improved foreign exchange supply amid easing demand pressures. It appreciated...

Cedi loses 2.2% in value to dollar since January 2024; one dollar going for...

The Ghana cedi has lost 2.2% in value to the dollar since January 2024. This is despite the existence of the International Monetary Fund (IMF)...

Cedi’s performance remained unchanged to dollar in first week of 2024; one dollar equals...

The Ghana cedi traded unchanged against the US dollar last week at a mid-rate of GH¢12.18/$ on the retail market. The same story emerged on...
cedi

Cedi depreciates 25.8% to dollar since January 2023 – BoG

The Ghana cedi has lost about 25.8% in value against the US dollar as of November 2023, the Bank of Ghana has disclosed. According to...
Cedi and dollar

Cedi depreciation slowed down last week; one dollar equals ¢12.18

The Ghana cedi would remain relatively stable this week, following the recent approval of the $800 million cocoa syndication loan by Parliament, and the...
Cedi and dollar

Pressure on cedi mounts; one dollar equals ¢12.13

The high demand for the US dollar continues to weigh on the Ghana cedi as the local currency lost some ground against the American...

Religious, ethnic sentiments preceding 2024 election worrying – Dr Ibn Chambas 

Former United Nations Envoy to West Africa and the Sahel Region, Dr Mohammed Ibn Chambas, has cautioned Ghanaians to be wary of the divisive, religious,...

Cedi faced cumulative depreciation of 51% against the US dollar in 2022

The cedi weathered a tumultuous year in 2022, witnessing a sharp decline in value against major international currencies. According to the Institute of Statistical, Social...
Cedi and dollar

Cedi to remain stable against dollar this week

The Ghana cedi is expected to remain relatively stable against the US dollar this week, following an ease in corporate demand. This follows a slight...
Haruna Iddrisu

Bawumia thought arresting cedi was easy as stopping a trotro – Haruna Iddrisu

The Member of Parliament for Tamale Central, Haruna Iddrisu, has taken a swipe at the Vice President, Dr. Mahamudu Bawumia, for what he described...

Pressure on cedi to ease this week

The pressure on the Ghana cedi is expected to ease this week, following the anticipated news of the inflow of the $800 million cocoa...
Cedi and dollar

Cedi to appreciate by 1.0% to dollar in 2024 – Fitch Solutions

The Ghana cedi is expected to strengthen by roughly 1.0% to the US dollar in 2024, Fitch Solutions has disclosed in its latest Country...
Cedi and dollar

Dollar will chase the cedi under my leadership – Alan Kyerematen

Former Minister of Trade and Industry, Alan Kyerematen, says he has what it takes to strengthen the cedi against other international currencies, especially the...
cedi

EIU revises cedi depreciation to dollar forecast to 23% in 2023; currency to remain...

The Economist Intelligence Unit (EIU) has revised its projected depreciation of the cedi to dollar in 2023 to about 23.0%, from the earlier 30.0%. According...

Cedi expected to remain stable against dollar this week

The Ghana cedi is expected to remain relatively stable against the US dollar this week as risk-off investor sentiment cools off. Demand for US dollar...

Cedi to end 2023 at ¢11.40 to a dollar – Fitch Solutions

Fitch Solutions is forecasting the Ghana cedi to end 2023 at ¢11.40 against the dollar. This is lower than the ¢12.40 it predicted earlier...

Cedi expected to trade steadily this week; sells at ¢11.50 to a dollar

The Ghana cedi is expected to trade steadily this week as the Bank of Ghana intervenes in the market to cool off the pressure...

Cedi to exhibit mixed performance against dollar this week

The Ghana cedi will continue to exhibit mixed performance this week against the major foreign currencies as renewed corporate demand surges. This is coming after...
Niger Coup: Over 45 million cedis lost as trucks delivering onions to Ghana are blocked

Niger Coup: Over 45 million cedis lost as trucks delivering onions to Ghana are...

Over one hundred trucks loaded with onions are locked up in the border town between Benin and Niger following the border closure. Each truck is...

Cedi to remain stable this week

The Ghana cedi will remain stable this week against the US dollar and other major foreign currencies, although improved US labour data may pose...

Cedi depreciated by an impressive 1.8% between February and July – Ofori-Atta

The government says the local currency in the first half of the year showed great strength against the major trading currencies.  The Cedi, which depreciated...

Police officer, 2 others busted for stealing $56k and thousands of cedis

A police officer stationed at the Nima Police Station in Accra, Abednego Bortier and three others, have been accused of robbing some Indian businessmen...

US$1m, €300,000, millions of cedis saga: OSP’s move knee jerk response – MP

The Member of Parliament (MP) for Anyaa Sowutuom has described as knee jerk, the move by the Office of the Special Prosecutor (OSP) to...

It could be funeral donations – NPP man on US$1m, €300K, millions of cedis...

A New Patriotic Party (NPP) communicator has claimed the US$1m, €300,000, and millions of cedis allegedly stolen at the Sanitation Minister's residence at Abelemkpe could be...

Sanitation Minister breaks silence on US$1m, €300,000, millions of cedis saga

The Minister for Sanitation and Water Resources, Cecilia Abena Dapaah, has reacted to public outcry over US$1m, €300,000, millions of cedis allegedly stolen...

Social media users react to Cecilia Dapaah’s househelps ‘stealing’ $1m, €300k & millions of...

Ghanaians have been left in disbelief as news of Sanitation Minister, Cecilia Dapaah, taking legal action against her househelps broke, amidst allegations of a...

This is scandalous – Mahama on US$1m, €300,000 and millions of cedis missing in...

Former President John Mahama has expressed shock at the huge sums of money reportedly stolen from Sanitation Minister, Cecilia Abena Dapaah's Abelemkpe residence. Taking...

US$1m, €300,000, millions of cedis stolen from Sanitation Minister, Cecilia Dapaah’s house

Two househelps of Sanitation Minister, Cecilia Abena Dapaah and her husband, Daniel Osei Kuffour, are before an Accra Circuit Court, for allegedly stealing monies...

Cedi’s outlook to be stable this week

The outlook of the cedi is expected to be stable this week despite the near-term outlook remaining a concern. Many analysts believe the local currency...
Kwame Nkrumah University of Science and Technology (KNUST)

Architect behind KNUST unity hall and cedi house celebrates 95th birthday

Ghanaian Professor John Owusu Addo, born in 1928, has emerged as a prominent figure and mastermind behind captivating architectural designs in Ghana, particularly on...
cedi

Cedi to remain fairly stable this week

The cedi is expected to remain relatively stable on the forex market this week. Analysts believe a positive Mid-Year Budget Review this month and a...

Cedi to continue stability against dollar, others

The Ghana cedi is expected to continue its stability against the US dollar and other major currencies this week. This is expected to be supported...

Pressure on cedi to continue; depreciated 0.85% to dollar last week

The Ghana cedi would continue to remain under some pressure this week, following the unexpected increase in inflation and the prospect of an interest...