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
Currency News for December 13, 2021
Liquidity on each end of the currency market caused the Cedi to move in opposite directions as the local unit slid against its three major trading partner currencies on the
Currency News for October 4, 2021
The Ghana Cedi began the week mixed against its major trading partner currencies on both the Bank of Ghana (BoG) inter-bank trading platform and the Open Forex Market (oanda.com). The
Currency News for September 27, 2021
After two weeks’ of improving performance, the Ghana Cedi lost steam as it began the week nursing losses against the Dollar, the Pound, and the Euro on the Open Forex