Cedi weakness worsened further at the week’s open as the local economy continued to grapple with hyperinflation, revenue underperformance, and offshore disinvestment of domestic assets among others. The Cedi opened
Currency News [October 10, 2022]
The Ghana Cedi opened 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).
Currency News [October 3, 2022]
The Ghana Cedi fell flat across the board against its three major trading partner currencies at the week’s open after briefly paring some of its losses against the Pound and
Currency News [September 26, 2022]
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