Tag Archives: CEDI

• Captain Smart based his analysis on Dr. Bawumia’s famous ‘weak fundamentals’ comment • Dr. Bawumia had said his government had ‘arrested’ the rapid depreciation of the Ghana Cedi against the United States Dollar • The Cedi however keeps depreciating against the Dollar “If the fundamentals are weak, the exchange …

Ghana’s local currency has ended the first quarter of 2021 on a high note with a year-to-date appreciation of 0.6 percent to the US dollar. This means the Ghanaian cedi has outperformed some other prevalent 15 currencies in Africa making it the best performing currency. These include the Egyptian pound, …

The Institute for Energy Security (IES) has noted that figures collated by its economic indicate that the cedis appreciated against the US Dollar by 0.35 per cent. This, according to the IES, affected crude oil prices to remain fairly stable over the period. Raymond Nuwokoor, Research and Policy Analysts at …

After three months’ victory over the wrestle with its major trading currency, the US dollar, the cedi finally lost its valour and entered into depreciating mode, as it has succumbed to the threat from the devastating impact of the coronavirus pandemic. The local currency was on top of its game …

The Ghana cedi has returned to the depreciation trajectory despite a strong performance in the first three-and-a-half months of this year. As of 6 May 2020, the cedi had declined in value by 1.18% to trade at GH¢5.600 to the US dollar on the interbank forex market and 2.36% to …

The Ghana cedi is projected to decline in value to the US dollar by 8.60% ± 1.50% at the end of 2020. This will be lower than the 12.9% depreciation to the American currency in 2019. This means the cedi will hover around GHS6.05 ± GH¢0.10 by 31 December, 2020. …

Rare footage of Ghana adopting its first cedi and pesewa coins in 1965 has surfaced on the internet. The video, monitored by GhanaWeb saw a queue of Ghanaians lined up at the Ghana Commercial Bank to exchange the then “Ghana Pound’s” which were; Shillings and Pence and was introduced by …

Mr. Apatsea Isaac Kwasi, Chief Executive Officer (CEO) of Center for Leadership and Democratic Governance (CLDG) has appealed to the Bank of Ghana (BoG) to reconsider other people who served to bring Ghana to where it is today and honour them by using their images on the currency of Ghana …

Member of Parliament for Lambussie-Karni Constituency Edward Kaale-Ewola Dery says the New Patriotic Party (NPP) government’s introduction of higher Cedi denominations is a waste of the public purse. According to him, the move is a means to perpetuate corruption. Speaking on TV3’s News @10 on Friday, November 29, the Vice …

The Governor of the Central Bank of Ghana, Dr Ernest Addison has explained the rationale behind government’s policy decision to introduce new Bank notes of Ghc100, Ghc200 and 2Ghc coin. Addressing a presser covered by MyNewsGH.com, the Governor said “twelve years after the redenomination exercise, sustained periods of high inflation …