Ghana’s currency, the cedi, is currently at the mercy of the International Monetary Fund (IMF),...
Posts Tagged: "cedi depreciation"
Cedi lost 3.14% value to dollar last week; near-term outlook uncertain
The Ghana cedi lost about 3.14% value to the US dollar last week as the...
Fitch downgrades Ghana’s creditworthiness to ‘Restricted Default’ from ‘C’
International rating agency, Fitch, has further downgraded Ghana’s Long-Term creditworthiness to Restricted Default (RD) from...
Cedi depreciated by 19.1% to dollar in January 2023-BoG
The Ghana cedi depreciated by a substantial 19.1% to the US dollar in the first...
Pressure on economy accounts for the cedi depreciation-Dr Ernest Addison
Dr. Ernest Addison, Governor of the Bank of Ghana, Monday said, several factors account for...
Coronavirus erodes cedi’s gains
Despite all the gains made by the local currency against its major trading currencies at...
Cedi heads for 25th straight annual drop against U.S. dollar
The cedi is headed for its 25th straight year of depreciation against the dollar as...