Tag: Depreciation
News
Cedi depreciation can also be largely attributed to speculation – Finance Minister
Finance Minister Dr. Mohammed Amin Adam has publicly criticized Bolgatanga Central Member of Parliament, Isaac Adongo, accusing him of advocating for the purchase of...
Business
Cedi depreciation slows as foreign exchange demand declines
The Ghanaian cedi's steadiness against major foreign currencies is anticipated to persist this week, following a decline in demand for foreign exchange.The local currency...
Headline
Dollar’s strength, seasonal demand for forex, payment of contractors: Gov’t’s reasons for cedi depreciation
The government has revealed why the value of the Ghana cedi has been weakening in recent times.Engaging the press today, Minister for Finance, Dr....
Business
Cedi depreciated by 14.2% as of May 2024
The Ghanaian cedi has depreciated by 14.2% as of May 2024, according to Finance Minister Dr. Mohammed Amin Adam.Despite this depreciation, Dr. Amin emphasized...
News
Cedi can be stabilized if you patronise domestic tourism – Dep. Finance Minister tells Ghanaians
Deputy Finance Minister Dr. Stephen Amoah has highlighted the importance of leveraging domestic tourism to stabilize the depreciating cedi.Addressing stakeholders at the GIPC Quarter...
News
Dr Mohammed Amin ‘boasts’ of slow rate of cedi depreciation this year
Finance Minister-designate, Dr. Mohammed Amin Adam, has observed a slower rate of depreciation for the Cedi this year compared to the previous year.Despite...
News
Petrol is expensive, continuous depreciation; the mess is deep – Lecturer
A senior lecturer at the University of Ghana Business School (UGBS), Professor Lord Mensah, has expressed concerns about Ghana's current economic outlook.In a...
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
Depreciation of cedi will push debt to reach 99% of GDP – Fitch projects
Fitch anticipates that Ghana's public sector debt will climb to 99% of Gross Domestic Product (GDP) by the end of 2023, up from 88%...
Business
Cedi will depreciate against the dollar by 30% – EIU projects
The cedi will lose 30% of its value against the dollar in 2023, according to the Economist Intelligence Unit (EIU).However, this is less severe...
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