Tag Archives: CEDI

President Nana Addo Dankwa Akufo-Addo has said that the Cedi has started gaining strength against the major trading currencies. He said this in an interview with the BBC’s Peter Okwoche on Monday, April 4. The President was touting the economic progress of the oil-producing West African nation but when his attention was …

Government has announced it will inject a capital of US$2 billion into the economy to curtail the sustained depreciation of the cedi against major trading currencies. This was captured in a circular released by the Presidency on March 23, 2022. The Presidency said the move forms of measures adopted by …

The Sovereign credit rating downgrades of Ghana by Fitch and Moody’s led to “widened yield spreads on both cedi-denominated government of Ghana bonds and the country’s Eurobonds”, the Bank of Ghana has said. “These downgrades reflect market and investor concerns about fiscal and debt sustainability”, Governor Ernest Addison told journalists …

Spokesperson for the Vice President of Ghana, Dr. Gideon Boako dreads Ghana may suffer worse currency depreciation and economic woes should the Members of Parliament continue to conflict themselves. As an economist, Dr. Gideon Boako held that the persistent misbehaviour of the Parliamentarians give little to no hope to investors …

As of March 16, 2022, the trading rate of the U. S. dollar as against the Ghana Cedi was GH¢8.12. There are already great fears that now that the country’s currency has finally ‘broken the 8,’ it could soon just hit the GH¢10 mark. Should that happen, it could just …

While in opposition, one of the strong points of campaign for then candidate Nana Addo Dankwa Akufo-Addo was the exchange rate of the cedi against the dollar. Currently in government, the cedi under President Nana Addo Dankwa-Akufo-Addo is trading at about 7.38, a situation that has elicited several concerns. As of May …

Founder and leader of the Ghana Freedom Party (GFP), Akua Donkor, has blamed the current economic hardships in Ghana on the exportation of raw materials and mineral resources from the country. She argues the exportation and sale of these resources at a cheaper price and then importing their finished products …

Ghanaian rapper, Kwaw Kese, has called out Vice President, Dr Mahamudu Bawumia, for failing to honour his campaign promise of reviving the Ghanaian economy. In a time when the cedi’s woes keep worsening, Kwaw Kese has noted that it is clear the current government couldn’t rescue the cedi against the American …

The cedi’s woes are set to worsen if current conditions persist, as it is likely to depreciate by more than 20 percent against its major trading counterpart, the dollar, in the next 12 months, RMB – the corporate and investment division of FirstRand Bank – is projecting. This comes as …

Ghana’s cedi has passed the GH¢8 mark to sell at GH¢8.12. This is according to AfriSwap. The Cedi is however trading against the dollar at a buying price of GH¢7.94 whiles the British pound is selling at GH¢10.17 and buying at GH¢10.17. The Euro is also selling at GH¢8.33 and …