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Cedi gains strength as it trades at GHS15.70 to the dollar

Ghana's currency, the cedi, is gaining strength against major foreign currencies like the dollar at some forex bureaus. At the end of November, the cedi...

Business

Cedi projected to strengthen over peaceful 2024 elections and Mahama’s win

The peaceful conduct of Ghana's 2024 general elections is projected to benefit the cedi, with many observers expressing optimism about its stability in the...

Business

Cedi declines due to weak economy, not global crises – Study reveals

A recent study shows that the cedi’s fall in value is mainly due to weak economic conditions in Ghana, not because of external events...

Headline

Cedi depreciation, shortage of dollars worsening our debt – ECG reveals

The Electricity Company of Ghana (ECG) has attributed its worsening debt situation to the instability of the forex market and the depreciation of the...

News

Financial analyst quizzes John Kwakye on proposed solutions for cedi stability

Financial analyst Dr. Michael Kwaku Dawson has urged Dr. John Kwakye, the Director of Research at the Institute of Economic Affairs (IEA), to reveal...

Business

Ghana cedi keeps losing value against US dollar

Persistent depreciation of Ghana’s local currency against major trading currencies, including the US dollar, continues to pose challenges for the economy. After facing significant pressure...

News

We have enough reserves in place to stabilize cedi – BoG

The Bank of Ghana (BoG) is reinforcing its foreign exchange reserves to help stabilize the cedi as demand for foreign currency is expected to...

News

Dollar selling at GHS17; when are you resigning? – Mahama quizzes Akufo-Addo

Former President John Mahama has challenged President Akufo-Addo to consider resigning over the Ghana cedi’s sharp depreciation. Speaking at a rally in Lugni, Wulensi...

News

Cedi likely to stay under pressure this week, with the dollar trading at GHS 16.55

Ghana cedi is anticipated to face sustained pressure this week due to high foreign exchange demand, despite the country’s progress with the IMF’s Economic...

News

No importation of goods for one year if I’m elected – Hassan Ayariga

Presidential Candidate of the All People’s Congress (APC), Hassan Ayariga, has expressed concerns about Ghana’s reliance on imported goods and unveiled his ambitious plans...

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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

Kanye West’s Heil Hitler song bans him from entering Australia