After a slew of fiscal measures aimed at getting the Ghanaian economy on track was announced by the Finance Minister, the Cedi responded positively on the Bank of Ghana’s (BoG)
Currency News [March 21, 2022]
Measures to cool off the sharp decline in the value of the Cedi and to restore confidence in the Ghanaian economy began with a monetary policy rate hike by 250
Currency News [March 8, 2022]
The Ghana Cedi advanced its losing streak against its major international trading partner currencies as currency speculations coupled with a strong demand for forex amid limited supply continue to hurt
Currency News [February 28, 2022]
The Cedi’s woes continued this week despite the central bank’s continuous intervention in the currency space. The local unit this week plunged to new record lows against its three major
Currency News for February 21, 2022
Expectations of interest rate hikes in the West continue to mount pressures on debt repayments for most fragile African economies with Ghana as no exception. The Cedi drifted to new
Currency News for January 17, 2022
The Cedi’s weaknesses elevated further this week as it nursed losses against its three major trading partner currencies on the Open Forex Market (oanda.com). The Cedi’s performance this week comes
Currency News for January 10, 2022
The Cedi began the year nursing losses 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).
Currency Rates for December 29, 2021
BoG Inter-Bank Rates Current Previous w-o-w Change w-o-w % Change YTD USD 5.9839 5.9568 -0.027 -0.45% -3.83% GBP 8.0615 7.8701 -0.191 -2.43% -3.01% EUR 6.7846 6.7186 -0.066 -0.98% 4.06%
Currency News for December 13, 2021
Liquidity on each end of the currency market caused the Cedi to move in opposite directions as the local unit slid against its three major trading partner currencies on the
Currency News for October 25, 2021
Pressures on the local currency intensified this week as the Cedi fell across the board against its three major trading partner currencies on both the Bank of Ghana (BoG) inter-bank
Currency News for October 18, 2021
The Ghana Cedi fell across the board against its three major trading peers on both the Bank of Ghana (BoG) inter-bank trading platform and the Open Forex Market (oanda.com) as
Currency News for October 11, 2021
Despite increasing support by Ghana’s central bank, the Ghana Cedi began the week nursing losses against the Dollar as growing demand for forex surpasses supplies in the currency space. The