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A ‘lazy man’s approach – IEA Director blasts Ghana’s reliance on IMF, World Bank to fortify the Cedi

Director of Research at the Institute of Economic Affairs (IEA),Dr. John Kwakye, criticised the government's heavy reliance on foreign aid to support the local...

Business

Cedi goes for GHS13.60 at forex, BoG interbank rates at GHS12.88

Today, April 2, 2024, the Bank of Ghana's Interbank forex rates indicate that the Ghana Cedi is being traded against the US Dollar at...

News

Cedi now selling at GHS 13.70 to $1, GH¢12.78 on BoG interbank

Today's Interbank forex rates from the Bank of Ghana, dated March 22, 2024, indicate the trading positions of the Ghana Cedi against major foreign...

Business

A dollar goes for GHS13.55 at forex, BoG interbank rates at GHS12.71

Today, March 20, 2024, the Bank of Ghana's interbank forex rates indicate that the Ghana Cedi is trading against the dollar at a buying...

Headline

Depreciation: Dollar to sell at GHC16 if gov’t begins paying foreign debt, interest – Financial Analyst

Financial analyst and US economist Scott Bolshevik has warned that the country's economic challenges could worsen, especially concerning the value of the Ghanaian cedi. He...

Business

Cedi depreciation continues despite Bank of Ghana’s Efforts

Despite the Bank of Ghana's efforts to stabilize the currency by selling $7 million in the spot market and conducting a $20 million auction...

Business

Ghana’s economic recovery hangs in the balance as cedi faces further depreciation – Financial Expert

The ongoing struggle of the cedi to sustain its value over the long term is prompting concerns about the economy's prospects for enduring transformation,...

News

Ghana cedi loses 2.2% in value to dollar in January 2024

The Ghanaian cedi has depreciated by 2.2% against the US dollar since January 2024, despite the approval of the first review of the International...

Business

Cedi weakens against major currencies despite inflation dip, Central Bank intervention

Last week, the Ghanaian cedi experienced a 1.22% depreciation against the US dollar in the retail market, alongside losses of 0.65% to the pound...

Business

Dollar selling at GHS12.20 at forex, BoG interbank rate at GHS11.65

As of December 25, 2023, the Interbank forex rates released by the Bank of Ghana indicate that the Ghana Cedi is currently valued at...

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Jury acquits Diddy of sex trafficking, convicts him of transporting women for prostitution

“Don’t make me and Stonebwoy fight ooo”- Samini warn netizens

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