Tag: Dollar

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 ...

In the global economy, currency strength plays a pivotal role in shaping a nation’s economic trajectory. For African countries, possessing a robust currency signifies stability, attracts foreign investment, and enhances ...

Oil prices surged on Thursday, 8th February, 2024, fuelled by developments in the ongoing Gaza conflict and a declining dollar. Brent crude futures saw an increase of 0.4%, reaching $79.56 ...

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 ...

The Ghana Stock Exchange (GSE) walked through a challenging terrain in 2023, marked by the notable depreciation of the cedi against the dollar. This currency fluctuation played a central role ...

The Ghanaian cedi, having demonstrated commendable stability throughout the majority of the year, is bracing for a marginal depreciation against the US dollar in the upcoming festive season, as indicated ...

A Bloomberg report has classified Ghana’s local currency – the cedi, among African currencies with the ‘worst Spot Returns’ despite recent strides made by the cedi against major currencies. According ...

Moody’s Investors Service has predicted that the American greenback will likely retain its crown despite all the challenges from the BRICS nations to unseat it from the thrown as the ...

Cocoa Market Report by the International Cocoa Organisation has established that the cocoa industry has recorded rescindment in farm-gate prices. Meanwhile, this rescindment in farm-gate prices is its second one ...

The Economist Intelligence Unit (EIU) report has predicted that the Ghanaian cedi will depreciate by 30 percent against the US dollar by the end of 2023. According to the UK-based ...