Tag Archives: #Cedi depreciation

The recent depreciation of the Ghana cedi against the major foreign currencies is expected to continue due to subdued foreign exchange liquidity. Last week, the local currency depreciated across the major trading currencies as foreign exchange liquidity remained subdued. Additionally, Ghana Cocoa Boards’s intention to abandon its annual cocoa syndication …

Finance Minister Dr. Mohammed Amin Adam has warned of a possible increase in foreign exchange demand if Ghana is forced to import food to address shortages caused by the ongoing drought in Northern Ghana. During a press conference in Accra on Monday, August 26, Dr. Amin Adam expressed cautious optimism …