Ahead of the budget presentation to Ghana’s parliament later in the week, the Cedi traded mixed against its three major trading partner currencies at this week’s opening on both the
Currency News [October 2, 2023]
The Cedi’s struggles against the American greenback continued unabated at the week’s open as the local currency posted a relatively bigger margin of decline at this week’s opening compared to
Currency News [April 25, 2023]
The Cedi continued its sluggish performance against its three major trading partner currencies on the Bank of Ghana’s (BoG) inter-bank trading platform after it traded lower at this week’s open
Currency News [April 3, 2023]
The Cedi began the week firmer against its three major trading partner currencies on the Open Forex Market (oanda.com) as recent developments helped to improve the Cedi’s outlook. Progress made
Currency News [March 27, 2023]
In a surprise turn of events as Ghana’s Monetary Policy Committee (MPC) handed down yet again another policy hike, the Cedi responded favourably to the news on the Open Forex
Currency News [March 13, 2023]
The Ghanaian Cedi traded higher at the week’s open against its three major trading partner currencies on the Open Forex Market (oanda.com) following the president’s assurance at the State of
Currency News [February 13, 2023]
Progress made as Ghana wrapped up its Domestic Debt Exchange Programme (DDEP) boosted the Cedi’s appeal on the Open Forex Market (oanda.com) with the local unit maintaining its traction to
Currency News [December 5, 2022]
The Ghana Cedi responded favourably to the announcement of a Domestic Debt Exchange Programme (DDEP) made by Ghana’s Finance Minister over the weekend which investors interpreted as a step towards
Currency News [November 7, 2022]
Recent actions embarked upon by Ghana’s central bank continued to sustain the local currency as the Ghanaian Cedi opened the week mixed against its three major trading partner currencies on
Currency News [August 22, 2022]
Following an emergency Monetary Policy Committee meeting last week that saw the central bank take a hard stance against a stubbornly high inflationary trend, the local currency pared some of
Currency News [June 20, 2022]
The ongoing tight Cedi funding challenges weighed on the Cedi as the local currency began the week nursing losses against its three major trading partner currencies on the Bank of
Currency News [March 14, 2022]
As speculative activities rage on following tight forex liquidity, the Ghana Cedi remained pressured as it slid further this week to build on previous weeks’ losses against some of its