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Sharp Cedi gains could hurt exports, undermine growth – Prof. Baah-Boateng

Professor William Baah-Boateng, an economist and professor at the University of Ghana, has voiced alarm over the sudden and quick appreciation of the Ghanaian Cedi, cautioning that although the trend appears to be beneficial, it may have unforeseen repercussions for important economic sectors. His...

Sharp Cedi gains could hurt exports, undermine growth – Prof. Baah-Boateng

Professor William Baah-Boateng, an economist and professor at the University of Ghana, has voiced alarm over the sudden and quick appreciation of the Ghanaian Cedi, cautioning that although the trend appears to be beneficial, it may have unforeseen repercussions for important economic sectors. His...

Cedi records gains against dollar, others last week; one dollar going for GH¢16.41

Following weeks of persistent devaluation, the Ghana cedi saw some gains last week against the US dollar and other major foreign currencies. An improvement in market liquidity helped this. Due in large part to seasonal demand prior to the weekends, corporate demand pressure was beginning to...

Business: Cedi now selling at GH¢15.64 to $1 at major forex bureaus.

The value of the Ghana Cedi is still declining in relation to other major trading currencies, especially the US dollar. Checks conducted by Ekuzoa News Business as of Sunday, July 7, 2024, at 9:00 AM revealed that several forex bureaus are selling local currency at...