Increased Domestic Demand And Strengthening Of Dollar Globally To Weigh On Cedi
Increased domestic demand and the strengthening of the US dollar globally are expected to weigh on the cedi this week as some analysts predict a […]
CEDI
EIU Revises Cedi Depreciation To Dollar Forecast To 23% In 2023; Currency To Remain 3rd Weakest In Africa
The Economist Intelligence Unit (EIU) has revised its projected depreciation of the cedi to dollar in 2023 to about 23.0%, from the earlier 30.0%. According […]
Cedi Expected To Remain Stable Against Dollar This Week; $1 Going For ¢11.58
The Ghana cedi is expected to remain relatively stable against the US dollar this week as risk-off investor sentiment cools off. Demand for US dollar […]
Cedi To End 2023 At ¢11.40 To A Dollar – Fitch Solutions
Fitch Solutions is forecasting that the Ghana cedi would end 2023 at ¢11.40 against the US dollar. This is lower than the ¢12.40 it predicted […]
Cedi To Exhibit Mixed Performance Against Dollar This Week; Going For ¢11.48
The Ghana cedi will continue to exhibit mixed performance this week against the major foreign currencies as renewed corporate demand surges. This is coming after […]
Cedi Expected To Post Mixed-Performance This Week Due To Inflationary Pressures
The Ghana cedi is expected to post a mixed-performance this week as a widening inflation differential may pose depreciatory pressures. This is because investors are […]
Use Mid-Year Budget To Address Exchange Rate Fluctuations – Electronic Dealers Association To Ofori-Atta
The Ghana Electronics and Musical Instruments Dealers Association is appealing to the Finance Minister, Ken Ofori-Atta, to use the mid-year budget to address exchange rate […]
Cedi’s Outlook To Be Stable This Week
The outlook of the cedi is expected to be stable this week despite the near-term outlook remaining a concern. Many analysts believe the local currency […]
Cedi Gained 0.43% To Dollar Last Week; Outlook Favourable
The Ghana cedi gained a favorable 0.43% against the US dollar in the retail market last week. It traded at a mid-rate of ¢11.73 to […]
Cedi Depreciation Against Dollar Slows Down; May Record Mixed Performance This Week
The Ghana cedi slowdown its deprecation against the dollar last week, as the local currency lost only 1.28% on the retail market. The cedi also […]