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
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
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.
The cedi has appreciated in value again after selling for GH¢8 to $1 on the interbank market according to the Bank of Ghana and GH¢10.50 on the forex market.
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 Finance Ministry has celebrated the recent gains of the cedi against the Dollar. This comes after it moved from the worst to the best-performing currency.
The US Ambassador to Ghana, Virginia Palmer, has assured that the US will support Ghana's request for an economic bailout from International Monetary Fund.
Ghana's cedi has appreciated in value against the US Dollar a day after the finance minister, Ken Ofori-Atta survived a censure motion filed by the minority.
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