We are Addressing the Depreciation of the Cedi- BoG
The Bank of Ghana (BoG) has urged the public to remain calm as it implements measures to arrest the pace at which the cedi loses its value against major foreign ...
Tag: Dollar
Stop Using Your Reserves to Stabilize the Cedi- Banker Calls out Central Bank
Dr. Sam Ankrah, President of Africa Investment Group, has chided the Central Bank for constantly interfering with the determination of the value of the cedi, while calling on the Apex ...
Analyst Proposes Solutions to Manage Ghana’s Exchange Rate Problems On the Back of Latest MPC Decision
A Financial Analyst and Portfolio Manager at SIC Financial Services Limited, Mr. Isaac Kwasi Mensah, has recommended some solutions to the country’s exchange rate problems as Ghana’s monetary policy authority ...
The Ghanaian Cedi to Weaken Further From Record Low- Bloomberg Predicts
Bloomberg has predicted the Ghanaian Cedi to depreciate further against major currencies, especially the dollar in the coming months as the country continues to face worsening economic conditions. According to ...
No More Charging and Payment of Goods and Services in Dollar and Other Foreign Currency- BoG
The Bank of Ghana (BoG) in a move to restore the value of the local currency, has issued a statement directing various institutions, businesses and individuals to stop transactions in ...
The Cedi May Never Recover this Year from the Current Bouts of Depreciation- Analyst
Mrs Ruth Ofori, a financial analyst and the Chief Executive Officer (CEO) of Lolyfx LTD, has predicted that the Ghanaian Cedi may never recover this year from its current free-fall ...
Cedis Struggle against Dollar Continues: Depreciates by 1.7%
According to data from the Bank of Ghana (BoG), the Ghanaian cedi has depreciated by 1.7% to the US Dollar in the first nine months of 2021, starting from January ...
BoG’s forward forex sales oversubscribed by more than 100%
The Bank of Ghana’s (BOG) Foreign Exchange (FX) forward rates auction has been oversubscribed by more than 100% by forex licensed dealing banks. The auction got bids totaling US$133.75 million, ...
The Ghanaian Cedi Fights Against the Buck and Prevails by 0.33%
After days of losing against the U.S Dollar, the Ghanaian Cedi has finally mounted a spirited defense and managed to peep the American green note by gaining 0.33 percent to ...
Bank of Ghana FX forward rates auction oversubscribed
The Bank of Ghana (BOG) recently held Foreign Exchange (FX) forward rates auction has been oversubscribed by forex licensed dealing banks, against BOG’s auction target of US$75 million. Although the ...
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