Cedi to dollar

Cedi Sells At GH¢16.06 To $1, GH¢21.04 To £1 On September 4
04 Sep

Cedi Sells At GH¢16.06 To $1, GH¢21.04 To £1 On September 4

Wontumi1Business,
Ghana's local currency (the cedi) has been depreciating against major trading currencies, especially the US dollar, in recent times. As of Wednesday September 4, 2024, at 10:00 AM, checks by GhanaWeb Business showed that the cedi is selling at GH¢16.06 to $1 at some major forex bureaus in the capital, Accra. This decline in the cedi's value is also evident among other trading currencies such as the British Pound and Euro even though it gained a few pesewas from the previous day. For instance, the local currency is trading at GH¢21.04 to £1 while selling at GH¢17.73 to €1 at major forex…
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Demand Pressures On Cedi Ease; One Dollar Equals GH¢14.90
30 May

Demand Pressures On Cedi Ease; One Dollar Equals GH¢14.90

Wontumi1Business,
The Ghana cedi posted a mixed performance last week as demand pressures on the US dollar eased for most of the week. However, this week, the cedi is expected to extend its losing run albeit marginally because foreign exchange demand is outstripping supply. But it began the week stable to the American greenback with the year-to-date depreciation at 17.88%. It is presently going for GH¢14.90 to a dollar on the retail forex market. Despite the Central Bank not intervening in the spot market, the cedi gained 0.17% week-on-week against the US dollar to end the week’s trades at a mid-rate…
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Cedi Regains Some Stability Against Dollar; One Dollar Going For GH¢13.10
12 Mar

Cedi Regains Some Stability Against Dollar; One Dollar Going For GH¢13.10

Wontumi1Business,
The Ghana cedi regained some stability against the US dollar last week, preserving its year-to-date loss of about 6.35%. After a difficult period in the past two weeks, the cedi regained its footing as it firmed against the major trading currencies. Although corporate demand exerted some pressure on the local currency, the Bank of Ghana’s marginal $17 million market intervention helped hold the cedi steady. As a result, it advanced by 0.93% and 1.43% week-on-week versus the pound and the euro but remained unchanged against the dollar at a mid-rate of GH¢13.05 to a dollar on the retail market. Meanwhile,…
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