The Cedi’s woes intensified at this week’s opening as the local currency began the week nursing losses across the board against its three major international trading partner currencies on both
Currency News [September 30, 2024]
The Cedi’s woes intensified at the week’s start as the local currency recorded its third successive weekly losses against its three major trading partner currencies on the Bank of Ghana
Currency News [September 24, 2024]
The Cedi opened the week extending its losses 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 [September 16, 2024]
The Cedi failed to capitalize on rising expectations of interest rate cuts in the advanced economies as it opened the week nursing losses against its three major international trading partner
Currency News [August 26, 2024]
The Cedi opened the week weaker against its three major international trading partner currencies adding to the previous week’s struggles as pressures on the local currency take a new turn
Currency News [July 15, 2024]
Ahead of the presentation of the mid-year budget review to Ghana’s parliament next week where the market will be on the lookout for a statement from the fiscal authorities on
Currency News [July 8, 2024]
The Cedi opened the new week pressured against its three major trading partner currencies despite recent Cedi-positive developments which the market believed should have inured to the benefit of the
Currency News [July 1, 2024]
The Cedi’s struggles widened this week with no apparent end in sight as the local currency posted its second consecutive loss across the board against its three major trading partner
Currency News [June 24, 2024]
News that Ghana had reached an agreement in principle with its Eurobond creditors for the restructuring of the sovereign’s USD 13.0 billion worth of debt failed to revive the struggling
Currency News [June 17, 2024]
The Cedi resumed its free fall against its three major international trading partner currencies this week as it fell across the board on both the Bank of Ghana (BoG) inter-bank
Inflation Falls to a 25-Month Low in May
Inflation fell for the second consecutive time in May from a 2024 year high of 25.8% in March on the back of a significant decline in the annual inflation reading
Currency News [June 3, 2024]
The Cedi remained pressured at the week’s opening in line with a recent survey that sought to suggest that emerging market currencies will struggle to rebound this year, pressured by