Positive news that international rating agency, Moody’s, has upgraded Ghana’s long-term local and foreign currency issuer ratings to “Caa2” from “Caa3” and “Ca” respectively, boosting the West African nation’s chances
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 [May 20, 2024]
The Cedi extended its free fall 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) as
Currency News [May 6, 2024]
The Cedi remained pressured into the fifth month of the year as it began the week posting losses against its three major trading partner currencies on both the Bank of
Currency News [March 4, 2024]
The Cedi extended its free fall against its major trading partner currencies after the President in a State of the Nation address to parliament failed to list policies the government
Currency News [October 23, 2023]
The Cedi continued to be hard hit ahead of next month’s budget presentation where the market is expecting the government to announce strategies to consolidate the economy’s recovery. The Cedi
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 [October 2, 2023]
The Cedi’s struggles against the American greenback continued unabated at the week’s open as the local currency posted a relatively bigger margin of decline at this week’s opening compared to
Currency News [September 18, 2023]
The Cedi began the week mixed 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) where
Currency News [May 29, 2023]
There was renewed pressure on the local currency after the Cedi opened the week erasing portions of recent gains against its three major trading partner currencies. The positive sentiments that
Currency News [May 8, 2023]
The Ghana Cedi retreated yet again against its three major trading partner currencies at this week’s open on looming signs of huge corporate demand for forex as businesses prep for
Currency News [March 20, 2023]
The Ghana Cedi came under pressure at the week’s open as it began the week nursing losses against its three major trading partner currencies on the Open Forex Market (oanda.com)