header('Content-type: text/html; charset=ISO-8859-1'); cedi depreciation Archives - News Guide Africa
Home Posts tagged cedi depreciation
Business Economy News

Bokpin backs Fitch; warns govt against drawing from reserves

Fitch Ratings in a podcast said Ghana’s international reserves position has become very reliant on Eurobond issuance. Indicating that, Ghana is not in a situation where the government needs to constantly roll over hard currency debt or whose debt market is wholly reliant on non-resident investors. In supporting the Fitch's position, the University of Ghana economist noted
Banking Business Economy News

Businesses proffer solutions to escalating dollar rate

the Ghana Union of Traders (GUTA) has called on regulators of the forex market to fast-track the proposal of making the Chinese Yuan as the only trading currency when doing business with China. They believe such a move will reduce pressure on the Cedi because imports will not be done with US dollars as most Ghana's import currently come from China because of their cheaper