The recently observed weaknesses in the local currency intensified at this week’s opening as the Cedi began the week nursing losses against its three major trading partner currencies on the
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 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 [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 [September 25, 2023]
The Cedi opened the week mixed against its three major trading partner currencies as it extended its gains against the Pound and the Euro but failed to recover from its
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 [September 4, 2023]
The Cedi opened the week nursing losses against its three major trading partner currencies on the Open Forex Market (oanda.com) despite a series of positive events which is expected to
Currency News [July 31, 2023]
The Cedi traded higher at the week’s open against its three major trading partner currencies on the Open Forex Market (oanda.com) on the back of improving investor confidence as Ghana
Currency News [July 3, 2023]
The Cedi opened 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 [June 26, 2023]
The Cedi traded higher against its three major trading partner currencies at the week’s open on the Bank of Ghana (BoG) inter-bank trading platform buoyed by easing demand pressures for
Currency News [June 19, 2023]
The Cedi sustained losses at the week’s open against its three major trading partner currencies as a slew of major central banks rate hikes displaces emerging market currencies. Portfolio outflows
Currency News [June 12, 2023]
The Ghana Cedi remained pressured at the week’s open against its three major trading partner currencies on both the Bank of Ghana (BoG) inter-bank trading platform and the Open Forex