News of a potential vaccine for the novel Coronavirus failed to give the Cedi some bit of a respite despite a gradual improvement in appetite for risky assets and currencies.
Currency News for November 16th 2020
Hopes that the discovery of a potential vaccine for the novel coronavirus would revive the world economy failed to give the Ghanaian currency some respite as the Cedi fell against
Currency News for November 9th 2020
News of a potential vaccine for the novel coronavirus boosted appetite for risky currencies and assets after US drug maker Pfizer and German partner BioNTech announced that a large-scale clinical
Currency News for November 2nd 2020
The Ghanaian Cedi extended its weekly losses against the US Dollar for the sixth consecutive time this week on the Bank of Ghana (BoG) inter-bank trading platform as demand pressures
Currency News for October 26th 2020
The Ghana Cedi failed to build on previous week’s resilient performance as it lost traction this week against its three major trading partner currencies. The Cedi at the start of
Currency News for October 19th 2020
The Ghanaian Cedi at the start of the week posted a mixed performance against its three major trading partner currencies on the Bank of Ghana (BoG) inter-bank trading platform. The
Currency News for October 12th 2020
Offshore investors’ participation in the Government’s recent 2-year and 3-year fixed-rate assets failed to calm demand pressures for forex at the expense of the local currency as the Ghana Cedi
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 September 28th 2020
The Ghana Cedi maintained its relative stability against its three trading partner currencies on both the Bank of Ghana (BoG) inter-bank trading platform and on the Open Forex Market (oanda.com).
Currency News for September 22nd 2020
The Ghana Cedi was unresponsive to news that Ghana’s economy had contracted by 3.2% in the second quarter of the year following an abysmal performance recorded by the hospitality sector.
Currency News for September 14th 2020
The Ghana Cedi at the start of the week extended its weekly losses against the US Dollar for the eighth consecutive time on the Bank of Ghana (BoG) inter-bank trading
Currency News for September 7th 2020
The Ghana Cedi continued to lose steam against the US Dollar as it failed to recover from several weeks of losses on the Bank of Ghana (BoG) inter-bank trading platform.