Tag: cedi depreciation

Hon. Richard Acheampong, MP for Bia East and Ranking Member of Parliament's Finance Committee has emphasized that the Central Bank and the Ministry of Finance have a duty to devise ...

In recent years, Ghana's economic landscape has been shaped by three persistent and interrelated issues: soaring inflation, rising interest rates, and the depreciation of the cedi or forex rate. These ...

Alan Kwodwo Kyerematen, Founder and Leader of the Movement for Change (MFC), has attributed the Ghana Cedi's depreciation to deep-seated systemic flaws and a crisis of confidence in the economy, ...

The CEO of the Ghana National Chamber of Commerce and Industry (GNCCI), Mark Badu-Aboagye, has expressed worries about the possible effects of a long-term strategy to address the Cedi's devaluation ...

The National Democratic Congress (NDC) in the Jomoro Constituency has called on the Vice President and the governing New Patriotic Party flagbearer for the 2024 general elections, Dr Mahamudu Bawumia ...

In his presentation of the 2024 Budget Statement and Economic Policy to Parliament on November 15, 2023, Finance Minister Ken Ofori-Atta asserted that Ghana had "turned the corner." Citing robust ...

The Bank of Ghana (BoG) has attributed the “sharp jump” in its operational expenses to largely the “sharp” depreciation of the Cedi against the Dollar and the rise in inflation ...

Mr. Isaac Kwasi Mensah, a Financial Analyst and Portfolio Manager at SIC Financial Services Limited, has stated that the recent $3 billion IMF loan approval for Ghana will eventually influence ...

Mr. Isaac Kwasi Mensah, a Financial Analyst and Portfolio Manager at SIC Financial Services Limited, has predicted tough weeks and months ahead of the Ghana Stock Exchange given there’s no ...

Director of Business Operations at Dalex Finance, Joe Jackson, has revealed that the cedi depreciated because foreign investors lost confidence in the country. According to him, government consistent borrowing has ...