The Cedi’s woes continued this week despite the central bank’s continuous intervention in the currency space. The local unit this week plunged to new record lows against its three major
Currency News for February 21, 2022
Expectations of interest rate hikes in the West continue to mount pressures on debt repayments for most fragile African economies with Ghana as no exception. The Cedi drifted to new
Currency News for February 14, 2022
The Cedi weakened across the board against its three major trading partner currencies as it began the week adding onto previous weeks’ losses. The Cedi’s woes according to some analysts
Currency News for February 7, 2022
The Ghana Cedi traded lower against its three major trading partner currencies, weighed down by lingering uncertainties surrounding the future of Ghana’s economy after Moody’s downgrade of the sovereign’s long-term
Currency News for January 31, 2022
A quicker pace of rate hikes in Ghana’s trading partner countries from their ultra-low levels continue to hurt the Cedi as the local unit opened the week extending its losses
Currency News for January 24, 2022
The Ghana Cedi was mixed against its three major trading partner currencies as it began the week extending its losses against the Dollar but found support to recover some of
Currency News for January 17, 2022
The Cedi’s weaknesses elevated further this week as it nursed losses against its three major trading partner currencies on the Open Forex Market (oanda.com). The Cedi’s performance this week comes
Currency News for January 10, 2022
The Cedi began the year nursing losses against its three major trading partner currencies on both the Bank of Ghana (BoG) inter-bank trading platform and the Open Forex Market (oanda.com).
Currency Rates for January 4, 2021
BoG Inter-Bank Rates Current Previous w-o-w Change w-o-w % Change YTD USD 6.0091 5.9839 -0.025 -0.42% – GBP 8.1363 8.0615 -0.075 -0.93% – EUR 6.7882 6.7846 -0.004 -0.05% –
Currency Rates for December 29, 2021
BoG Inter-Bank Rates Current Previous w-o-w Change w-o-w % Change YTD USD 5.9839 5.9568 -0.027 -0.45% -3.83% GBP 8.0615 7.8701 -0.191 -2.43% -3.01% EUR 6.7846 6.7186 -0.066 -0.98% 4.06%
Currency News for December 20, 2021
Fast spreading Omicron jitters coupled with increasing demand for forex sent the Ghana Cedi tumbling against its three major trading partner currencies on both the Bank of Ghana (BoG) inter-bank
Currency News for December 13, 2021
Liquidity on each end of the currency market caused the Cedi to move in opposite directions as the local unit slid against its three major trading partner currencies on the