Tag Archives: CEDI

The Government of Ghana has rescinded its decision on the issuance of the 2-year cedi and 5-year cedi dominated bonds, a Joy Business report has said. According to the portal, the cancellation comes after bonds were initially issued back in May and March this year and were re-opened to both …

The Ghana Union of Traders Association (GUTA) has served notice to the government that they will close down shops on Monday, 29th August 2022 in protest of the depreciation of the Cedi and severe economic hardship. Addressing the media on Monday August 22, 2022, the President for GUTA, Dr. Joseph …

The Bank of Ghana has sounded a strong warning to forex bureaus operating in the country, that any breach of the regulations under which they work will result in their closure or severe sanctions against them. The move is to stop all deliberate market practices that are fuelling the cedi’s fast depreciation, …

President John Dramani Mahama has taunted Vice President Dr. Mahamudu Bawumia’s 2017 claim that he as ordered the arrest of the United States dollar and given the keys to the then Inspector-General of Police, David Asante Appeatu. According to Mahama, there is no time in history that the dollar has …

Nana Addo Dankwa Akufo-Addo during his opposition days was a real thorn in the flesh of the government of the day. He knew not only how to hit the government of the day where it hurts, but also came across as man with principles and conviction wielding an alternate working plan …

The Ghanaian currency (the Cedi), which is said to be the second-worst-performing currency across the globe after Sri Lanka’s Rupee, is depreciating faster than anticipated. Even though the Central Bank has put out some emergency measures to tackle it, the continued depreciation seems to have outjumped the Bank of Ghana’s …

On the Interbank forex rates from the Bank of Ghana today, August 18, 2022, the Ghana Cedi is trading against the dollar at a buying price of 8.0951 and a selling price of 8.1031. As compared to yesterday’s trading of a buying price of 8.0751 and a selling price of 8.0831. At …

The Cedi traded against the dollar at a mid-rate of 8.0671 Its trade value against the Pounds Sterling was at a mid-rate of 9.7410 The Euro’s mid-rate stands at 8.2096 Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap …

The Bank of Ghana (BoG) has called for calm as it has introduced measures to resolve the fall of the Cedi against the major trading currencies especially the Dollar. The central bank has identified five key reasons for the woes of the local currency. These are “The strength of the …

On July 19, 1965, Ghana first adopted the cedi notes and pesewa coins to replace the Ghana pounds; shillings and pence. Under British colonial rule, the official currency was the Ghana pounds, shillings and pence. Prior to this, the West African Currency Board was first adopted and used mainly for …