Global financial markets are grappling with rippling effects from a significant selloff in US Treasuries, triggered by robust employment data that is reshaping expectations for Federal Reserve monetary policy. The ...
The World Bank’s October 2024 Africa Pulse Report has unveiled Ghana’s cedi as the fourth weakest currency in Sub-Saharan Africa (SSA) this year. The report highlighted the cedi’s depreciation of ...
Fitch Solutions has predicted that the Ghanaian cedi will recover some of its recent losses against the US dollar in the coming months. According to the London-based firm, this anticipated ...
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 ...
The Governor of the Bank of Ghana, Dr. Ernest Addison, has emphasized his commitment to stabilizing the Ghana cedi against the US dollar and other major foreign currencies. Dr. Addison ...
Projections by IC Research suggest that in 2024, the Ghanaian cedi is expected to depreciate by 8.4% against the US dollar, presenting a notable aspect of the economic outlook and ...
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% ...
Financial experts have raised their voices on the possible emergence of the BRICS currency, aimed at countering the financial hegemony of the United States dollar. According to experts, the growing ...
The Bank Of Ghana Interbank forex rates as at January 4, 2023, have shown that the Ghana Cedi is trading against the dollar at a buying price of Gh₵ 8.5817 ...
Courage Martey, Senior Economic and Currency Analyst, has described the cedi’s problem as idiosyncratic, while noting that the Ghana cedi is suffering from lack of Eurobond inflows as it has ...
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