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Cedi Sells At GH¢15.48 To $1 On The Interbank Market
11 Feb

Cedi Sells At GH¢15.48 To $1 On The Interbank Market

CUD Wontumi0 CommentsBusiness,
Ghana's local currency, the cedi, has recorded marginal gains against major trading currencies, particularly the US dollar, at some forex bureaus. In its daily update, the Central Bank noted that the cedi is trading at a buying price of GH¢15.47 and a selling price of GH¢15.48 to a dollar. The British pound is being bought at GH¢19.16 and sold at GH¢19.18, while the euro trades at a buying price of GH¢15.95 and a selling price of GH¢15.97. Checks by GhanaWeb Business on February 11, 2025, at 8:00 AM indicate that the cedi is trading at GH¢15.90 to the dollar, while the pound…
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Cedi Drops To GH¢15.90 To 1 Dollar At Forex Bureaus
29 Jan

Cedi Drops To GH¢15.90 To 1 Dollar At Forex Bureaus

CUD WontumiBusiness,
Ghana's local currency, the cedi, has experienced marginal gains against major trading currencies, especially the dollar, at some forex bureaus. The Central Bank, in its daily update, noted that the cedi is trading at a buying price of GH¢15.24 and selling at GH¢15.25. The British Pound is being bought at GH¢18.94 and sold at GH¢18.96. The Euro trades at a buying price of GH¢15.88 and a selling price of GH¢15.90. Checks by GhanaWeb Business on January 29, 2025, at 8:20 AM show that the cedi is trading at GH¢15.90 to the dollar, while the pound is trading at GH¢19.70 at…
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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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BoG Sells $1 For GH¢15.85, Forex Bureau Rates At GH¢16.75
22 Nov

BoG Sells $1 For GH¢15.85, Forex Bureau Rates At GH¢16.75

wontumionlineBusiness
Ghana's local currency, the cedi, has gained some strength against major trading currencies especially the dollar in recent times. The Bank of Ghana in its efforts to curb the depreciation of the cedi sold some dollars, worth over GH¢200 million last week. This reduced the exchange rate from GH¢17.20 to $16.55 by the close of business on November 15, 2024. In its daily update, the Bank of Ghana announced that as of November 22, 2024, the cedi is trading at a buying price of GH¢15.84 and a selling price of GH¢15.85. The British Pound is being bought at GH¢19.86 and…
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Cedi Sells $1 At GH¢16.30 At BoG, GH¢17.20 At Major Forex Bureaus
12 Nov

Cedi Sells $1 At GH¢16.30 At BoG, GH¢17.20 At Major Forex Bureaus

wontumionlineBusiness, ,
Ghana’s local currency continues to experience persistent depreciation against major trading currencies such as the US dollar. The cedi, which has been under pressure throughout the year, recorded relative stability in July this year, while inflationary pressures continued declining. As of November 12, 2024, the Bank of Ghana is buying $1 at GH¢16.29 and selling at GH¢16.30. The British Pound is being bought at GH¢20.96 and sold at GH¢20.98 while the Euro is being bought GH¢17.35 and sold at GH¢17.37. However, checks by GhanaWeb Business as of November 12, 2024, at 10:00 AM show that the cedi is trading at…
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Ghana’s Cedi Now Trading At GH¢17.00 To $1
30 Oct

Ghana’s Cedi Now Trading At GH¢17.00 To $1

wontumionlineBusiness
Ghana’s local currency continues to experience persistent depreciation against major trading currencies such as the US dollar. The cedi, which has been under pressure throughout the year, recorded relative stability in July this year, while inflationary pressures continued declining. However, checks by GhanaWeb Business as of October 30, 2024, at 10:00 AM show that the cedi is trading at GH¢17.00 to the dollar, while the pound is trading at GH¢21.66 in some major forex bureaus across the country. Additionally, the Euro is trading at GH¢18.07 on the retail market. Meanwhile, Bloomberg recently reported that the cedi has now weakened by 0.1% to…
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Cedi To Record Stability In Near Term; One-Dollar Equals GH¢16.40
15 Oct

Cedi To Record Stability In Near Term; One-Dollar Equals GH¢16.40

wontumionlineBusiness,
The Ghana cedi will record stability in the near term, helped by Moody’s upgrade of Ghana’s credit rating and the expected US$360 million inflow from the International Monetary Fund. However, it is expected to weaken this week as seasonal demand pressures resurface. Last week, the cedi recorded mixed performance against the major trading currencies. The local unit recorded 1.01% week-on-week losses versus the US dollar due to seasonal demand pressures from the manufacturing and energy sectors. However, it gained 0.35% week-on-week against the pound after the announcement of a possible aggressive policy rate cut in England. Similarly, the local unit…
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Cedi Holds Steady In Retail Market Amid Rising Demand; One Dollar Equals GH¢16.25
01 Oct

Cedi Holds Steady In Retail Market Amid Rising Demand; One Dollar Equals GH¢16.25

wontumionlineBusiness,
The local currency remained stable in the retail market last week but faced pressure in the interbank market. The pressure was due to a renewed forex demand from traders and the manufacturing sector in anticipation of the upcoming festive season. Retail rates against the euro and pound closed unchanged at mid-rates of GH¢18.03/€ and GH¢21.35/£ respectively. However, thee cedi recorded a marginal appreciation of 0.93% against the US dollar, with the mid-rate rising to GH¢16.20/US$, up from GH¢16.35/US$ the previous week. Analysts believe the stability of the cedi in the retail market indicates improved forex inflows and reduced speculative demand,…
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Cedi Lost 24.3% To Dollar In Nine Months Of 2024 – BoG
27 Sep

Cedi Lost 24.3% To Dollar In Nine Months Of 2024 – BoG

wontumionlineBusiness,
The Ghana cedi lost 24.3% to the US dollar on the interbank forex market as of September 2024, the Bank of Ghana has revealed in its Summary of Economic and Financial Data. This is lower than the 22.9% depreciation recorded during the same period last year. According to the data, the Cedi lost 7.7% in value to the dollar in March 2024 and depreciated by 18.6% in June 2024. Whilst it is going for GH¢16.45 on average against the dollar on the retail market, the Bank of Ghana is quoting one dollar as GH¢15.70. Against the pound, the cedi has…
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Bloomberg Pegs Cedi To US Dollar Rate At GH¢15.67 As Of September 11
12 Sep

Bloomberg Pegs Cedi To US Dollar Rate At GH¢15.67 As Of September 11

wontumionlineBusiness,
Ghana’s local currency continues to experience persistent depreciation against major trading currencies such as the US dollar. The cedi, which has been under pressure throughout the year, recorded some relative stability in July, while inflationary pressures continued to decline. However, Bloomberg reports that the cedi has now weakened by 0.1% to trade at GH¢15.67 per dollar, a situation that will further worsen the woes of the Ghanaian economy amidst the pricing behavior of businesses. The portal also mentioned that Ghana’s dollar bonds maturing in 2032 rose by 0.2 cent to 52.36 cents on the dollar at 11:38 a.m. on September…
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