Tag: US Dollar
Business
Ghana’s cedi hits GHS16.55 against US dollar amid ongoing depreciation
Ghana's currency continues to face ongoing depreciation against key international currencies, including the US dollar.Despite experiencing a brief period of relative stability in July,...
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...
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