Efforts embarked upon by both the monetary and fiscal authorities to cool-off the persistent rise in consumer prices yielded little result as the inflation rate soared for the sixth consecutive
Currency News for November 22, 2021
A move by Ghana’s central bank to further tighten its intervention in the currency market helped the Cedi to gain some respite on the Open Forex Market (oanda.com) as it
Inflation Rate Climbs to 15 Month High
Ghana is currently experiencing its share of the recent spike in global inflation figures after consumer prices rose for the fifth consecutive time to its highest since July, 2020. A
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
Inflation Rate Closes the First Quarter at 10.3%
The inflation rate remained unchanged from previous month’s levels as upward price pressures continue to keep the inflation rate above the central’s bank’s medium-term inflation target band. According to the
Currency News for March 22nd 2021
The Ghana Cedi was 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). The Cedi
Inflation Rate Climbs to 10.3% in February
The inflation rate rose above the upper bound of the Bank of Ghana’s medium-term inflation target band of 8.0% ± 2.0% as price pressures begin to pick up following a
Currency News for February 1st 2021
The Ghanaian Cedi rose this week to recover from previous week’s dip against the US Dollar on the Bank of Ghana (BoG) inter-bank trading platform as demand for the Dollar
Treasury Rates for January 25th 2021
Security Interest Rates 91 – Day Bill 14.0827% 182 – Day Bill 14.1328% 364 – Day Bill 16.9645% 6 – Year Fixed Rate Bond 19.2500% This week, the yields on
Inflation Rate Dips to a Single Digit
The consumer price index dipped for the fourth consecutive time buoyed by slowing down prices of food items. The rate of inflation in November fell into the Bank of Ghana’s
Inflation Rate Opens the Third Quarter at 10.1%
The rate of inflation remained on course to touch pre-COVID levels after it began the third quarter dropping to its lowest point since March, 2020. October’s inflation rate eased further