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 October 11, 2021
Despite increasing support by Ghana’s central bank, the Ghana Cedi began the week nursing losses against the Dollar as growing demand for forex surpasses supplies in the currency space. The
Currency News for May 17th 2021
After the latest consumer price index reading showed that price levels were inching towards pre-COVID levels, the Cedi at the start of the week posted strong gains against its three
Currency News for May 4th 2021
The Cedi was mixed 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). It recorded gains
Currency News for April 6th 2021
The Ghana Cedi fell across the board against its three major trading partner currencies on the Bank of Ghana (BoG) inter-bank trading platform for the first time in more than
Currency News for February 1st 2021
The Ghanaian Cedi rose this week to recover from previous week’s dip against the US Dollar on the Bank of Ghana (BoG) inter-bank trading platform as demand for the Dollar
Currency News for October 5th 2020
The Ghana Cedi, this week, fell across the board on both the Bank of Ghana (BoG) inter-bank trading platform and on the Open Forex Market (oanda.com) against its three major
Currency News for July 27th 2020
After the 2020 mid-year budget review presented to Ghana’s parliament failed to outline measures to be implemented by the government over the second half of the year to tame the
Currency News for May 26th 2020
As global risk sentiments begin to improve following measures adopted by some countries to ease lockdown restrictions, the Ghanaian Cedi at the start of the week ended a continuous downward
Currency News For January 13th 2020
The Ghanaian Cedi at the start of the week gained traction as it posted gains against its three major trading partner currencies on the Open Forex Market (oanda.com). On the
Currency News For November 11th, 2019
The Ghanaian Cedi posted a mixed performance against its three major trading partner currencies at the start of the week ahead of the presentation of the 2020 budget statement and