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Business

Cedi’s value drops by 21% reaching GHS15.70 per US dollar

The Ghana cedi continues to struggle against major trading currencies, losing 3.88% in value to the US dollar in the past week. The depreciation represents...
Business

Cedi currently sold at GHS15.00 per US dollar

Today, on May 17, 2024, the Bank of Ghana's Interbank forex rates indicate that the Ghana Cedi's buying price against the dollar is 13.7641,...
Independent Africa

Kenyan currency plunges to record lows against US dollar

The Kenyan currency reached an unprecedented low of 150 shillings per US dollar, exacerbating the economic challenges in the heavily indebted East African nation...
Business

A cedi goes for GHS11.65 a dollar at forex, BoG interbank rates at GHS11.02

On September 1, 2023, the Bank of Ghana released the Interbank forex rates, revealing the exchange rates for the Ghana Cedi against various currencies....
Business

Cedi depreciation worsened in first half of 2023 – Finance Minister

Data from the Ministry of Finance indicates that the depreciation of the local currency against the dollar has worsened. Presenting the 2023 Mid Year Budget...
Business

Forex rates show a USD selling at GHS11.80, BoG interbank rates at GHS11.00

As of today, July 6, 2023, the Bank of Ghana's Interbank forex rates indicate that the Ghana Cedi is being traded against the US...
Business

Focus on ECB meeting outcome as pressure mounts on dollar

On Thursday May4 2023, the was still under pressure against most major currencies, helping the pound reach its highest level in 11 months. This...
World

Yuan surpasses the dollar as the most popular currency in cross-border transactions in China

The yuan became the most widely-used currency for cross-border transactions in China in March, overtaking the dollar for the first time, official data showed,...
Business

Cedi continues rise against dollar

The Ghana cedi continued to rise steadily against the US dollar amidst the Bank of Ghana’s tight foreign exchange intervention. The regulator sold only $5...
Business

Cedi to witness more pressure if current account deficit is not checked – World Bank

The World Bank has warned that the Ghana cedi may continue to come under pressure in 2023 against the U.S dollar if efforts are...
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