Tag Archives: depreciation

Director of the Institute of Statistical, Social and Economic Research (ISSER), Prof Peter Quartey, has indicated that the main cause of the depreciation of the Ghana Cedi is speculation by Ghanaians. According to him, speculations that the Cedi will further depreciate against the major currencies encourage people to buy more …

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 …

President Nana Addo Dankwa Akufo-Addo has assured of efforts being made to curtail the ongoing depreciation of the country’s local currency against the United States Dollar. Since the beginning of this year, the Ghana cedi has depreciated by 4.70 percent in 45 days to the US dollar while selling on 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 …