Tag: Depreciation

Ghana’s local currency, the cedi, has been ranked as the 7th strongest currency in Africa at the end of the first quarter of 2025. According to the Forbes currency calculator, ...

Professional services firm, Deloitte, has forecasted a continued slowdown in the depreciation of the Ghanaian cedi throughout 2025. This projection is based on expected forex inflows from the International Monetary ...

The Ghanaian cedi has staged a strong recovery after experiencing a marginal depreciation against the US dollar previous weeks. The local currency began the week trading at GH¢15.40 to one ...

The Ghanaian cedi continues its slide against the US dollar, with financial analysts projecting a challenging year for the local currency. Financial Market Expert and President of Women in Forex ...

The Ghanaian cedi is projected to conclude 2024 at a rate of GH¢16.07 to one US dollar, with a slight depreciation to GH¢17.23 by the end of 2025. This forecast, ...

The Ghana Cocoa Board's (COCOBOD) recent downward revision of cocoa harvest projections for the 2024/2025 season has sparked concerns about the Ghanaian cedi's stability. Joe Jackson, Chief Executive Officer of ...

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 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 ...

According to S&P Global, Ghana's economic environment faced a slight hiccup in June 2024 as the Purchasing Managers’ Index (PMI) dipped to 49.7 from May's 51.6. S&P Global explained that ...

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 ...