The Cedi continued its struggles against its three major trading partner currencies at the week’s opening after the budget statement failed to clearly articulate measures the government intends to implement
Currency News [November 6, 2023]
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 [November 6, 2023]
The recently observed weaknesses in the local currency intensified at this week’s opening as the Cedi began the week nursing losses against its three major trading partner currencies on the
Currency News [October 30, 2023]
The Cedi remained pressured at this week’s opening as it continued to nurse losses against its three major trading partner currencies. It fell across the board against the Dollar, the
Currency News [October 23, 2023]
The Cedi continued to be hard hit ahead of next month’s budget presentation where the market is expecting the government to announce strategies to consolidate the economy’s recovery. The Cedi
Currency News [October 16, 2023]
Fears of rising US interest rates, following a stronger-than-expected US inflation reading for September, kept investor sentiments towards emerging market currencies and risky assets largely negative with the Cedi seen
Currency News [October 9, 2023]
Optimism surrounding Ghana’s progress towards receiving the second tranche of the USD 600.0 million under the International Monetary Fund’s (IMF) Extended Credit Facility (ECF) failed to strengthen the Cedi as
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 [September 25, 2023]
The Cedi opened the week mixed against its three major trading partner currencies as it extended its gains against the Pound and the Euro but failed to recover from its
Currency News [September 18, 2023]
The Cedi began the week 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) where
Currency News [September 11, 2023]
The Cedi began the week 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) where
Currency News [September 4, 2023]
The Cedi opened the week nursing losses against its three major trading partner currencies on the Open Forex Market (oanda.com) despite a series of positive events which is expected to