Tag: Cedi

Dr. John Kwakye, the Director of Research at the Institute of Economic Affairs (IEA), has expressed that it would not be unexpected to see the cedi stabilize in the last ...

The Ghanaian cedi, already struggling with severe depreciation, faces additional pressures as the U.S. dollar strengthens amid Donald Trump’s early lead in the U.S. Presidential race. News of Trump’s prospective ...

The World Bank’s October 2024 Africa Pulse Report has unveiled Ghana’s cedi as the fourth weakest currency in Sub-Saharan Africa (SSA) this year. The report highlighted the cedi’s depreciation of ...

Fitch Solutions, a leading global research and analytics firm, has published a report forecasting a 200 basis points (bps) cut in the Bank of Ghana’s (BoG) benchmark policy rate by ...

The Governor of the Bank of Ghana, Dr. Ernest Addison, has acknowledged the complex nature of managing the depreciation of the Ghanaian cedi, attributing much of the current volatility to ...

Fitch Solutions has predicted that the Ghanaian cedi will recover some of its recent losses against the US dollar in the coming months. According to the London-based firm, this anticipated ...

The Ghana Association of Banks (GAB) has firmly dismissed circulating claims that commercial banks in Ghana are moving to close personal foreign currency savings accounts by July 31. This announcement ...

Ms. Gifty Annor-Sika Asantewah, a Financial Market Analyst and the President of Women In Forex Ghana, has disclosed that the strengthening of the US dollar due to current economic dynamics ...

Banking consultant Dr. Richmond Atuahene has raised alarm over the government's relentless borrowing. This spree, according to Dr. Atuahene, is not only unsustainable but is also pushing many banks towards ...

The pressure on the cedi's value has eased due to an increase in foreign exchange (FX) liquidity, especially in US dollars.  This improvement follows the Bank of Ghana's significant intervention ...