Currency News for January 18th 2021

The Ghanaian Cedi at the start of the week extended its weekly gains against its three major trading pairs on the Open Forex Market (oanda.com). The Cedi looks set to

Currency News for January 11th 2021

The Cedi at the start of the week showed signs of a positive trajectory into the new year as it recorded gains against its three major trading partner currencies on

Currency News for January 4th 2020

The Ghanaian Cedi after closing the previous year with an impressive year-to-date performance struggled to post gains against its three major trading partner currencies on both the Bank of Ghana

Currency Rates for December 29th 2020

Bank of Ghana Inter-bank Forex rates Current Previous Weekly Change (%) Year-to-date USD 5.7351 5.7221 0.23% -3.58% GBP 7.7383 7.6138 1.64% -6.29% EUR 7.0329 6.9858 0.67% -13.69%     Open

Currency News for December 21st 2020

The Ghanaian Cedi remained calm this week against the US Dollar despite heightened political tensions following the refusal of the main opposition party in the just ended December elections to

Currency News for December 14th 2020

After a relatively peaceful election last week where the incumbent government was retained, the Ghanaian Cedi recorded gains against the US Dollar and the British Pound Sterling on the Open

Currency News for December 8th 2020

The Ghanaian Cedi began the first working day of the week extending its weekly losses against the US Dollar on both the Bank of Ghana (BoG) inter-bank trading platform and

Currency News for November 30th 2020

Ghanaian Cedi begun the week sustaining losses against its three major trading partner currencies on both the Bank of Ghana (BoG) inter-bank trading platform and on the Open Forex Market

Currency News for November 23rd 2020

News of a potential vaccine for the novel Coronavirus failed to give the Cedi some bit of a respite despite a gradual improvement in appetite for risky assets and currencies.

Currency News for November 16th 2020

Hopes that the discovery of a potential vaccine for the novel coronavirus would revive the world economy failed to give the Ghanaian currency some respite as the Cedi fell against

Currency News for November 9th 2020

News of a potential vaccine for the novel coronavirus boosted appetite for risky currencies and assets after US drug maker Pfizer and German partner BioNTech announced that a large-scale clinical

Currency News for November 2nd 2020

The Ghanaian Cedi extended its weekly losses against the US Dollar for the sixth consecutive time this week on the Bank of Ghana (BoG) inter-bank trading platform as demand pressures