Ghana Cedi

Ghana Cedi Third Strongest In Africa – John Kumah Refutes Minority’s Poor Cedi Claim
10 Mar

Ghana Cedi Third Strongest In Africa – John Kumah Refutes Minority’s Poor Cedi Claim

wontumionlineNews, ,
Deputy Finance Minister, John Kumah has refuted claims that the Ghana cedi is performing badly against the US dollar in comparison with other currencies of countries on the African continent. The deputy minister challenging the minority in parliament on Thursday, March 9, 2023, stated that the Ghana cedi remains the best performing currency in Africa against the dollar except for the Libyan and Tunisian currencies. “Mr Speaker, my colleagues on the other side have also spoken wrongfully about the strength of our currency and said that when COVID came, we should compare the Ghana cedi to the currency of other countries and…
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Bloomberg Report: Ghana Cedi Posts World’s Biggest Gain Against US Dollar
12 Dec

Bloomberg Report: Ghana Cedi Posts World’s Biggest Gain Against US Dollar

wontumionlineBusiness, ,
Bloomberg has reported that the Ghana Cedi last week posted the world’s biggest gain against the US Dollar as Ghana starts reorganising local debt. It said the Ghana cedi took the title of the world’s best performer against the dollar last week amid optimism the country was moving closer to unlocking an International Monetary Fund bailout. "The cedi has rallied 10 percent in the past five days, the biggest advance among about 150 currencies tracked by Bloomberg. That’s a turnaround for an exchange rate that had lost half of its value this year and occupied the bottom slot in the charts," the report stated. The gains…
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