After a recent streak of gains, the Ghana Cedi lost traction as it came under intense pressure last week, erasing most of the gains chalked over the past few weeks.
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 27, 2023]
The Cedi opened the week pressured against its three major trading partner currencies as Ghana’s quest to engage some of its external creditors for a probable restructuring of its bilateral
Currency News [January 30, 2023]
The Ghana Cedi remained pressured at the start of the week as expectations of a Bank of Ghana (BoG) monetary policy hike failed to give the local currency some respite.
Currency News [January 23, 2023]
News that Ghana was opting for debt relief under the Group of 20 Common Framework did little to strengthen the Cedi’s performance against its major trading partner currencies as the
Currency News [January 16, 2023]
The Ghana Cedi came under intense pressure against its three major trading partner currencies at the start of the week, adding onto weaknesses seen last week where the Cedi showed
Currency News [January 10, 2023]
The Ghana Cedi began the week nursing losses across the board against its three major trading partner currencies on both the Bank of Ghana (BoG) inter-bank trading platform and the
Currency News [January 02, 2023]
BoG Inter-Bank Rates Current Previous w-o-w Change w-o-w % Change YTD USD 8.5903 8.3092 -0.281 -3.38% – GBP 10.3264 10.0109 -0.316 -3.15% – EUR 9.0821 8.8271 -0.255 -2.89%
Currency News [December 28, 2022]
BoG Inter-Bank Rates Current Previous w-o-w Change w-o-w % Change YTD USD 8.3092 8.0050 -0.304 -3.80% -38.28% GBP 10.0109 9.7509 -0.260 -2.67% -23.04% EUR 8.8271 8.4923 -0.335 -3.94% -30.04%
Currency News [November 14, 2022]
The Cedi this week fell across the board against its three major trading partner currencies resuming its freefall after brief stability against the three. Renewed pressures on the local unit,
Treasury Rates [November 14, 2022]
Security Interest Rates 91 – Day Bill 34.3945% 182 – Day Bill 35.4992% 364 – Day Bill 35.0768% Treasury yields this week went further up from previous week’s levels in
Inflationary Outlook Continues to Worsen
Ghana’s inflation outlook worsened further with no end in sight after the inflation rate began the last quarter of the year climbing to its highest since March 2001. The annual