Reserves Up, Cedi Down
Foreign exchange (FX) reserves climbed to their highest level in more than a year in May, but the gains have yet to halt pressure on the cedi as rising corporate….
Tag: cedi depreciation
Cedi Depreciates 8.4% Against Dollar As Inflation Falls To 3.4% – Bank Of Ghana Data
The Ghana cedi recorded a year-to-date depreciation of 8.4 per cent against the United States dollar by mid-May 2026, even as macroeconomic stability continued to take hold and inflationary pressures….
Cedi Extends Depreciation Trend For Past Two Weeks; One Dollar Equals GH¢11.85
The Ghana cedi extended its depreciation trend over the past two weeks, but with notably milder swings. The local currency recorded volatility of approximately 0.5% compared to a historical weekly….