After weeks of persistent losses which saw the local currency end October with a year-to-date (YTD) loss of over 30.0% against the US Dollar, the Cedi showed signs of gaining
Currency News [October 14, 2024]
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 [April 29, 2024]
The Cedi after a short reprieve where it was seen making attempts to recover some of its recent losses against its three major trading partner currencies, opened the week nursing
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 16, 2023]
Fears of rising US interest rates, following a stronger-than-expected US inflation reading for September, kept investor sentiments towards emerging market currencies and risky assets largely negative with the Cedi seen
Currency News [November 14, 2022]
The Cedi this week fell across the board against its three major trading partner currencies resuming its freefall after brief stability against the three. Renewed pressures on the local unit,
Currency News [October 17, 2022]
Cedi weakness worsened further at the week’s open as the local economy continued to grapple with hyperinflation, revenue underperformance, and offshore disinvestment of domestic assets among others. The Cedi opened
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 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 September 6, 2021
The Cedi’s weakness further worsened as it began the week nursing losses across the board against its three major trading partner currencies on both the Bank of Ghana (BoG) inter-bank
Currency News for August 9th 2021
After the central bank left the policy rate unchanged at 13.5% in its quest to contain adverse effects of fiscal slippages on the economy, the Cedi at the start of
Currency News for December 14th 2020
After a relatively peaceful election last week where the incumbent government was retained, the Ghanaian Cedi recorded gains against the US Dollar and the British Pound Sterling on the Open