The Ghana Cedi began the week posting mixed results against its three major trading partner currencies in response to an exercise by the central bank to clamp down on unlicensed
Currency News [September 19, 2022]
The Cedi came under heavy pressure on the Bank of Ghana’s (BoG) inter-bank trading platform ahead of a slew of central bank meetings this week which is expected to see
Currency News [September 12, 2022]
The Ghana Cedi opened weaker at the week’s open against its three major trading partner currencies after hosting a brief rally against the Dollar, the Pound, and the Euro on
Currency News [September 05, 2022]
The Ghana Cedi began the week paring some of its losses against its three major trading partner currencies on the back of news pointing to improving forex liquidity. The Cedi
Currency News for August 29, 2022
The Cedi’s funding challenges continued unabated as offshores exit the domestic market to take advantage of improved yields in the advanced economies at a time when fears of the world
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 [August 15, 2022]
The Ghana Cedi slid to fresh lows against its three major trading partner currencies at the start of the week as the Cedi’s woes continue to intensify on both the
Currency News [August 8, 2022]
As global recession concerns amidst geopolitical tensions, rising interest rates in the advanced economies, and the rush for safe-haven assets continue to pose major challenges to developing economies, the Cedi
Currency News [August 1, 2022]
The Cedi’s vulnerabilities as the Ghanaian economy continue to grapple with revenue underperformance, slowing growth, and soaring inflation among others sent the local currency to hit fresh lows against some
Currency News [July 25, 2022]
The Cedi’s abysmal performance in the first half of the year has been widely attributed to the monetary policy normalization in the advanced economies, the downgrade of government credit ratings,
Currency News [July 18, 2022]
The Cedi resumed its freefall against its three major trading partner currencies after registering some gains against the Pound and the Euro over the past few weeks. The Cedi remained
Currency News [July 12, 2022]
As fears of high inflation and slowing economic growth weigh on markets, investors continue to seek solace in the Dollar and other safe havens at the expense of emerging market