Tag Archives: CEDI

MP for Bolgatanga Central Constituency, Isaac Adongo, has clapped back at the Bank of Ghana after over he calls “cooked reserves.” Ghana’s cedi has been on a depreciation spree since the beginning of this year. As of Friday, March 10, 2022, the dollar was selling at GH¢7.65. This according to the business community …

Following some publicity promotions made ahead of a yet-to-be-launched cryptocurrency named “Freedom Coin,” the Bank of Ghana in a release, cautioned the public against trading in the new cryptocurrency. According to the BoG, persons hoping to trade in Freedom Coin will be doing so at their own risk as the …

The Ghana Union of Traders’ Associations (GUTA), has bemoaned the depreciation of Ghana Cedi against the US Dollar. A statement signed by the President for GUTA, Dr. Joseph Obeng stated that the rapid depreciation of the local currency, the cedi against the major trading currencies, especially, the United States Dollar …

Ningo-Prampram Member of Parliament, Sam Nartey George, has critiqued the President by reviving a video of then opposition candidate Nana Addo Dankwa Akufo-Addo, slamming the then government’s handling of the currency in particular and the economy in general. Akufo-Addo on a campaign platform is heard slating the then government – …

Many years ago, before Ghana gained its independence in 1957, locals in the Gold Coast used the British West African Pound which was the currency of the British colonies in the region. According to the Bank of Ghana, during this period, the West African Currency Board (WACB) was in charge of …

The Traders Advocacy Group has directed its members to increase the prices of goods and services by 80 per cent in retaliation to the government’s reversal of the 30 per cent benchmark value discount at the ports. The General Secretary of the group, Nana Poku, told journalists on Wednesday, 2 …

On the Interbank forex rates from the Bank of Ghana today, February 17, 2022, the Ghana Cedi is trading against the dollar at a buying price of 6.3068 and a selling price of 6.3132. As compared to yesterday’s trading of a buying price of 6.2988 and a selling price of 6.3052. …

Cedi depreciated averagely by 9 percent at the retail market leve At the interbank market cedi currently depreciating by 3 percent on the average Cedi depreciated by 3 percent averagely for both interbank and interbank in 2020 A Senior Currency Analyst at Databank Research, Courage Martey, has indicated that the …

The Ghanaian Cedi continues to show remarkable strength against major currencies, especially the US Dollar, the latest report released by Bank of Ghana indicates. According to the latest Monetary Policy Report by the Bank of Ghana, the Cedi has shown a cumulative year-to-date depreciation of 1.7% for 2021. With this …

  • The cedi traded against the dollar at a mid-rate of 5.7512 • It’s trade value against the Pounds Sterling stands at 7.9450 mid-rate • The Euro, however, went up at a mid-rate of 6.8242 On the interbank board today, June 21, 2021, the Ghana Cedi is trading against …