Currency News for August 29, 2022

The Cedi’s funding challenges continued unabated as offshores exit the domestic market to take advantage of improved yields in the advanced economies at a time when fears of the world

Currency News [August 22, 2022]

Following an emergency Monetary Policy Committee meeting last week that saw the central bank take a hard stance against a stubbornly high inflationary trend, the local currency pared some of

Currency News [August 15, 2022]

The Ghana Cedi slid to fresh lows against its three major trading partner currencies at the start of the week as the Cedi’s woes continue to intensify on both the

Currency News [August 8, 2022]

As global recession concerns amidst geopolitical tensions, rising interest rates in the advanced economies, and the rush for safe-haven assets continue to pose major challenges to developing economies, the Cedi

Currency News [August 1, 2022]

The Cedi’s vulnerabilities as the Ghanaian economy continue to grapple with revenue underperformance, slowing growth, and soaring inflation among others sent the local currency to hit fresh lows against some

Currency News [July 25, 2022]

The Cedi’s abysmal performance in the first half of the year has been widely attributed to the monetary policy normalization in the advanced economies, the downgrade of government credit ratings,

Currency News [July 18, 2022]

The Cedi resumed its freefall against its three major trading partner currencies after registering some gains against the Pound and the Euro over the past few weeks. The Cedi remained

Currency News [July 12, 2022]

As fears of high inflation and slowing economic growth weigh on markets, investors continue to seek solace in the Dollar and other safe havens at the expense of emerging market

Currency News [July 04, 2022]

The Cedi responded to news that Ghana was heading to the IMF for a bailout with a mixed performance against its three major trading partner currencies. The news did little

Currency News [June 27, 2022]

Weaknesses in the local currency worsened as the Cedi opened the week nursing losses against its three major trading partner currencies on both the Bank of Ghana (BoG) inter-bank trading

Currency News [June 20, 2022]

The ongoing tight Cedi funding challenges weighed on the Cedi as the local currency began the week nursing losses against its three major trading partner currencies on the Bank of

Currency News [June 13, 2022]

The Ghana Cedi opened the week mixed against its three major trading partner currencies on both the Bank of Ghana (BoG) inter-bank trading platform and the Open Forex Market (oanda.com).