Currency News for April 26th 2021

The local currency was mixed at the start of the week against its three major trading partner currencies on both the Bank of Ghana (BoG) inter-bank trading platform and on

Currency News for March 29th 2021

The Ghana Cedi was mixed at the start of the week against its three major trading partner currencies on both the Bank of Ghana (BoG) inter-bank trading platform and the

Currency News for February 22nd 2021

As risk appetite improves following the gradual roll out of COVID-19 vaccines, investors are beginning to unwind their investments in safe-haven currencies and assets. The Cedi at the start of

Currency News for February 15th 2021

The Cedi this week extended its continuous run against the US Dollar on the Open Forex Market (oanda.com) for the sixth consecutive time as slow demand for forex coupled with

Currency News for February 8th 2021

As the gradual rollout of COVID-19 vaccines began to boost investor’s appeal for risky assets, the Ghanaian Cedi harnessed this development to further extend its relative stability against its three

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 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

Currency News for October 12th 2020

Offshore investors’ participation in the Government’s recent 2-year and 3-year fixed-rate assets failed to calm demand pressures for forex at the expense of the local currency as the Ghana Cedi

Currency News for September 22nd 2020

The Ghana Cedi was unresponsive to news that Ghana’s economy had contracted by 3.2% in the second quarter of the year following an abysmal performance recorded by the hospitality sector.

Currency News for August 10th 2020

The Ghanaian Cedi gained momentum to post gains against its three major trading partner currencies on the Open Forex Market (oanda.com), after several weeks of recording losses against the US