2324 articles published since 01 Mar 2022
The cedi has been falling steadily against the dollar over the last couple of weeks, prompting public concerns that the local currency's woes have resumed.
The cedi has depreciated marginally on the interbank market in January, 3, 2023, dropping by 20 pesewas against the U.S dollar according to available figures.
The Ghana cedi seems to be depreciating again against the US dollar on Wednesday, December 21, 2022, triggering concerns from market watchers and general public
UK has introduced new banknotes featuring the image of King Charles III. The only change to designs of £5, £10, £20 and £50 notes is the portrait of the king.
Wise has temporarily suspended transfers the Ghana cedi following currency’s rapid appreciation against the dollar and other major foreign currencies this week.
Bright Simons, Prof Bokpin and Mr Darkwa believe the rapid rise of the Ghana cedi against the dollar is artificial and have warned against early celebration.
The cedi fall quiet heavily on Thursday, depreciating twice within 24 hours. It slumped significantly against the dollar and now selling at about GH¢13.75 to $1
As the cedi's fall continues, finance minister Ken Ofori-Atta has asked business men and the public not to panic as the cedi’s depreciation worsened on Oct 20.
The depreciation of the local currency, the cedi, has gotten worse as forex bureaus have began selling $1 for almost GH¢13 as at Thursday, October 19, 2022.
George Nyavor
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