cedi against dollar

Cedi Records Biggest Loss Last Week; One Dollar Selling At GH¢16.40
20 Jan

Cedi Records Biggest Loss Last Week; One Dollar Selling At GH¢16.40

CUD Wontumi0 CommentsBusiness,
The Ghana cedi depreciated by 2.94% against the US dollar last week, bringing its year-to-date loss to 3.87% since January 2025. This depreciation was due to continued demand pressures from the manufacturing and energy sectors. It also follows the Bank of Ghana’s auctioning of its first US$20 million to the Bulk Oil Distribution Companies (BDCs). The local currency traded at a mid-rate of GH¢16.15 to one American greenback. Last week’s loss was the sharpest since January 1, 2025. The cedi also shed 0.52% week-on-week against the pound and 1.52% against the euro. The cedi has begun trading this week unchanged…
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BoG Sells $1 At GH¢15.27, GH¢16.40 At Forex Bureaus As Of December 2
02 Dec

BoG Sells $1 At GH¢15.27, GH¢16.40 At Forex Bureaus As Of December 2

wontumionlineBusiness
Ghana's local currency, the cedi, has continued on its positive trajectory to gain some strength against major trading currencies, especially the dollar as the year comes to an end. The cedi ended November selling at GH¢16.40 at some forex bureaus after recording up to GH¢17.00 in the months prior. The Bank of Ghana has attributed the gains to the growth in Ghana's external sector. In its daily update, the Central Bank noted that as of December 2, 2024, the cedi is trading at a buying price of GH¢15.26 and a selling price of GH¢15.27. The British Pound is being bought…
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BoG Sells $1 At GH¢15.38, GH¢16.50 At Forex Bureaus As Of November 29
29 Nov

BoG Sells $1 At GH¢15.38, GH¢16.50 At Forex Bureaus As Of November 29

wontumionlineBusiness
Ghana's local currency, the cedi, has gained some strength against major trading currencies especially the dollar. In its daily update, the Bank of Ghana announced that as of November 29, 2024, the cedi is trading at a buying price of GH¢15.36 and a selling price of GH¢15.38. The British Pound is being bought at GH¢19.48 and sold at GH¢19.50. The Euro trades at a buying price of GH¢16.21 and a selling price of GH¢16.22. Checks by GhanaWeb Business as of November 29, 2024, at 10:00 AM show that the cedi is trading at GH¢16.50 to the dollar, while the pound is trading at GH¢20.60…
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Cedi Drops Further To Sell At GH¢15.80 To $1 At BoG, GH¢16.70 At Forex Bureaus
25 Nov

Cedi Drops Further To Sell At GH¢15.80 To $1 At BoG, GH¢16.70 At Forex Bureaus

wontumionlineBusiness,
Ghana's local currency, the cedi, has gained some strength against major trading currencies especially the dollar. In its daily update, the Bank of Ghana announced that as of November 25, 2024, the cedi is trading at a buying price of GH¢15.79 and a selling price of GH¢15.80. The British Pound is being bought at GH¢19.76 and sold at GH¢19.78. The Euro trades at a buying price of GH¢16.41 and a selling price of GH¢16.43. Checks by GhanaWeb Business as of November 25, 2024, at 10:00 AM show that the cedi is trading at GH¢16.70 to the dollar, while the pound…
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Cedi Depreciates 19.5% Against Dollar As Of July 2024 – BoG
26 Jul

Cedi Depreciates 19.5% Against Dollar As Of July 2024 – BoG

wontumionlineBusiness
The Ghana cedi has depreciated by about 19.6% to the US dollar on the interbank forex market as of July 2024, the Bank of Ghana has disclosed This is lower than the about 21% loss in value to the American greenback on the retail market. According to the Central Bank’s July 2024 Summary of Financial and Economic Data, the cedi lost 7.7% in value to the dollar in March 2024 and depreciated by 10.5% against the dollar in April 2024. It again 15.9% and 18.6% in value to the world’s most important currency in June 2024 and July 2024. Whilst…
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Cedi Continues Stability Against Dollar; One Dollar Goes For GH¢15.95
09 Jul

Cedi Continues Stability Against Dollar; One Dollar Goes For GH¢15.95

wontumionlineBusiness
The Ghana cedi is expected to remain stable against the US dollar this week as foreign exchange (FX) liquidity improves and demand slows. This follows the inflow of $360 million from the International Monetary Fund which has boosted FX liquidity and slowed corporate demand. Last week, the local currency held steady against the American greenback following improved market sentiments as foreign exchange demand eased. This was due to the IMF board’s approval of the third tranche of $360 million and subsequent release of funds after the second review of Ghana’s 36-month Extended Credit Facility. Again, the Bank of Ghana sold…
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