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Tag Archives: cedi

Cedi to stabilise by end of March 2018

Currency analysts have predicted a relative stability of the cedi against the dollar, Euro and British Pound by the end of March this year – 2018. This comes despite the depreciation of the cedi in relation to the three major trading currencies. The perennial depreciation of the cedi has among others, impacted the planning of businesses especially by importers. But ...

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Cedi to hit GHs6 to a dollar by 2022 – Economist Intelligence Unit

The Ghana cedi is projected to hit 6 cedis to a dollar by 2022. This is the prediction of the Economist Intelligence Unit, a specialist publisher in the UK. The Economist Intelligent Unit, which has operated for about 60 years, also warned that the local currency may suffer some external pressures that may cause the cedi to depreciate by next ...

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Cedi stabilises amidst festive season blues

Checks by Citi Business News have shown that the cedi has experienced relative stability against some major trading currencies for the past two weeks. The cedi which normally depreciates at a fast rate around the festive season has since the 23rd of November remained at 4 cedis 41 pesewas on the interbank foreign exchange market and between 4 cedis 48 pesewas and 4 ...

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$2.25bn bond a half-measure for falling cedi – Ken Thompson

The Chief Executive Officer of Dalex Finance, Ken Thompson, has little hope in the $2.25 billion bond sparking any substantial or long-term economic turnaround. Indications are that the Cedi may be set for a period of relative stability after significant depreciation on the interbank foreign exchange market and across forex bureaus in the country in 2017. But Mr. Thompson said he ...

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We expect Bawumia to ‘arrest depreciating cedi’ – Apaak

The Member of Parliament for the Builsa South constituency, Dr. Clement Apaak has challenged the Vice President, Dr. Mahamudu Bawumia to prove his competence in managing the Ghanaian economy by saving the cedi from further fall against major trading currencies. According to him, Dr. Bawumia prior to the New Patriotic Party’s victory in the December 7 polls accused the Mahama ...

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Budget gave clear policy to tackle falling Cedi – Oppong-Nkrumah

New Patriotic Party (NPP) Member of Parliament for Ofoase-Ayirebi, Kojo Oppong-Nkrumah, has rubbished claims that Akufo-Addo administration’s maiden budget statement did not have plans to tackle the depreciating Cedi. He asserted that, the government did indeed proposed clear policies, anchored in fiscal discipline, to tackle the depreciation of the Cedi, contrary to the opinion of some critics. The cedi commenced ...

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Ghana cedi is best performing currency in Africa – Mahama

President John Mahama has touted his administration’s management of the economy. According to him due to governments good economic policies, the Ghanaian currency, the cedi, has become one of the best performing currencies in Africa. Speaking at the launch of the Atiwa East and West Campaign in Ayinam in the Eastern Region, President Mahama said his track-record in managing the ...

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