cedi depreciation

According to the Bank of Ghana, the favourable external developments and tighter monetary policy stance have resulted in a relatively stable of the Ghana cedi in the year so far.

By Adnan Adams Mohammed Ghana’s fiat currency is likely to remain stable at the back of the implementation of the International Monetary Fund, (IMF) program. The Bank of Ghana is …

Adnan Adams Mohammed   The International Monetary Fund (IMF) has finally approved Ghana’s request for a US$3 billion Balance of Payment support to stabilize the economy.   Managing Director of …

Adnan Adams Mohammed   Some economists, both international and local have peg the local currency, the cedi to end the year below ¢13 to a dollar.   This is in …

The Lecturer cum Honorary Fellow at Solidare Ghana, likened 2022 economy to the days of the “Kalabule” years between 1972 and 1982 as the Ghanaian Economy went through turbulence in …

The EIU expects the exchange-rate weakness to continue into 2023, albeit to a lesser degree.

But the former National Petroleum Authority boss has described the deal as a ‘zero sum game’.

According to the BoG, the Ghana cedi came under pressure in September and October on fiscal concerns. Pressure to the currency came from energy and corporate demand. Also, the strength …

This is expected to boost investors confidence in the economy as well as in create hope of shoring our foreign reserves soon.

The barter of sustainably mined gold for oil is one of the most important economic policy changes in Ghana since independence.