Home / Tag Archives: CEDI

Tag Archives: CEDI

Cedi loses grip on US dollar – Data Bank research

After three months’ victory over the wrestle with its major trading currency, the US dollar, the cedi finally lost its valour and entered into depreciating mode, as it has succumbed to the threat from the devastating impact of the coronavirus pandemic. The local currency was on top of its game …

Read More »

Cedi to fall 8.60 percent in 2020 – Report

  The Ghana cedi is projected to decline in value to the US dollar by 8.60% ± 1.50% at the end of 2020. This will be lower than the 12.9% depreciation to the American currency in 2019. This means the cedi will hover around GHS6.05 ± GH¢0.10 by 31 December, …

Read More »

Govt explains why it introduced Ghc100, Ghc200 Cedi notes

The Governor of the Central Bank of Ghana, Dr Ernest Addison has explained the rationale behind government’s policy decision to introduce new Bank notes of Ghc100, Ghc200 and 2Ghc coin. Addressing a presser covered by MyNewsGH.com, the Governor said “twelve years after the redenomination exercise, sustained periods of high inflation …

Read More »

Cedi will stabilise soon – Ofori-Atta assures

The Finance Minister, Ken Ofori-Atta, has assured that the cedi will stabilise in the next few weeks. Speaking to Journalists outside Parliament House Wednesday, March 13, 2019, Mr. Ofori-Atta said government is expecting large inflows of foreign exchange which will help turn around the value of the cedi which has …

Read More »