The Ghana Cedi opened weaker at the week’s open against its three major trading partner currencies after hosting a brief rally against the Dollar, the Pound, and the Euro on
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
No End in Sight as Inflation Rate Climbs Again
The rate of inflation climbed up once more in July for the fourteenth consecutive time worsening the purchasing power of consumers at a time when the local economy continues to
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,
Inflation Climbs to Multi-Year Highs
As the world economy continues to battle with rising consumer prices exacerbated by supply chain disruptions following Russia’s invasion of Ukraine and increase in energy costs, Ghana’s inflation once more
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
Inflation Rate Firms at Multi-Year Highs
A Cedi on a freefall, coupled with a continuous upward adjustment in the prices of petroleum products dragged May’s inflation upwards to firm in multi-year highs after April’s inflation rate
Currency News [May 30, 2022]
The Cedi this week fell across the board against its three major trading partner currencies on both the Bank of Ghana (BoG) inter-bank trading platform and the Open Forex Market
Currency News [May 23, 2022]
The Ghana Cedi fell flat across the board at this week’s open against its three major trading partner currencies after briefly recovering some of its losses suffered in the first