Tag: Depreciation

In a sad development, the Ghanaian cedi has plunged to a new low- GH¢14 against the US dollar, intensifying concerns over the nation’s economic stability. The rapid depreciation has sent ...

The Ghanaian economy finds itself walking a tightrope as Fitch Solutions predicts an 11% depreciation of the cedi against the US dollar by the end of the year. According to ...

The Ghanaian cedi’s performance against the US dollar has been under scrutiny, as it continues to lose value on the commercial forex market. Since the beginning of 2024 up to ...

Former Deputy Minister of Information, Mr. Felix Kwakye Ofosu, commenting on the continuous depreciation of the cedi has sarcastically remarked that the Vice President’s economic logic is ‘shrewd’. He stated ...

The Ghanaian economy has been grappling with a concerning trend as the value of the cedi plummeted, crossing the GH¢13 mark against the US dollar. This continued depreciation of the ...

The Central Bank’s January 2024 Summary of Economic and Financial Data disclosed that in the opening month of 2024, the Ghanaian Cedi faced a mixed bag of fortune in its ...

Amidst the financial terrain of 2023, the Ghanaian cedi navigated a challenging trajectory, grappling with a notable year-to-date depreciation of 15.57% in the retail market and a more substantial 27.81% ...

In a latest report released by the Bank of Ghana, it has been revealed that the Ghanaian cedi is facing a perilous situation, having depreciated by approximately 25.8% against the ...

The Ghana cedi is poised to chart a resilient course in 2024, with The Economist Intelligence Unit (EIU) unveiling optimistic projections in its 2024 Africa Outlook Report. According to the ...

MTN Ghana has disclosed that it made a profit of GH¢2.77 billion for the first nine months of 2023, which majority of the profit coming from Mobile Money (MoMo). According ...