The Cedi extended its struggles against its major trading partner currencies this week on both the Bank of Ghana (BoG) inter-bank trading platform and the Open Forex Market (oanda.com) ahead
Currency News [March 11, 2024]
The Cedi remained pressured at the week’s opening, extending its recent string of weekly weaknesses further as demand for forex by corporates and importers continued to soar. The local unit,
Currency News [February 19, 2024]
The Cedi fell across the board against its three major trading partner currencies at the week’s opening on both the Bank of Ghana (BoG) inter-bank trading platform and the Open
Currency News [February 12, 2024]
The Cedi remained troubled at this week’s opening as it fell across the board against its three major trading partner currencies on the Bank of Ghana (BoG) inter-bank trading platform.
Currency News [January 22, 2024]
The news of the impending disbursement of the second tranche of funds under the International Monetary Fund’s (IMF) Extended Credit Facility arrangement did little to lift the struggling local currency
Currency News [January 2, 2024]
The Cedi opened the new year posting completely diverging results as it fell across the board against its three major trading partner currencies on the Bank of Ghana (BoG) inter-bank
Currency News [December 27, 2023]
The Cedi opened the week troubled against its three major trading partner currencies on the Bank of Ghana inter-bank trading platform where it continued to nurse losses against the Dollar,
Currency News [December 18, 2023]
Delays in realizing the expected forex inflows from the International Monetary Fund (IMF) and proceeds from the cocoa syndicated loan facility continued to mount growing pressures on the local unit
Currency News [November 27, 2023]
The ongoing fresh pressures on the local currency intensified further this week as the Cedi opened the week nursing losses across the board against its three major trading partner currencies
Currency News [November 20, 2023]
The Cedi continued its struggles against its three major trading partner currencies at the week’s opening after the budget statement failed to clearly articulate measures the government intends to implement
Currency News [October 9, 2023]
Optimism surrounding Ghana’s progress towards receiving the second tranche of the USD 600.0 million under the International Monetary Fund’s (IMF) Extended Credit Facility (ECF) failed to strengthen the Cedi as
Currency News [July 10, 2023]
The Cedi nursed losses across the board at the week’s open on the Bank of Ghana (BoG) inter-bank trading platform, failing to sustain its recent momentum against its three major