After showing some strength against the American dollar all of last week, the Ghana cedi started this week, Monday, November 7 with a terrible poor showing.
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Akufo-Addo appeals to traders to reduce goods and services now following recent cedi appreciation
President Nana Akufo-Addo has called on traders in the country to reduce goods and services now following the recent gains of the cedi against the US dollar.
Ghana’s debt crisis could mirror Greek scenario, expert says it will be long and difficult
Haruna Alhassan, an expert with the Centre for Social Justice (CSJ), a Ghanaian think tank, says Ghana’s debt crisis could be long-drawn-out and crippling.
BoG cites IMF deal among 3 reasons for cedi’s impressive appreciation
The Bank of Ghana has cited 3 reasons for the cedi’s impressive appreciation against the United States dollar and other trading currencies in recent times.
Govt’s gold-for-oil barter: How feasible is Akufo-Addo’s grand agenda?
Vice president Dr Bawumia has announced an uncommon move by government to purchase imported oil using gold. CSOs aren't enthused. But is the bold move feasible?
Cedi’s momentum continues $1 now sells for GH¢10.70
The cedi is growing from strength to strength and is now selling for $1 to GH¢10.70. Over the last 2 weeks, the cedi has continued its momentum against the $.
Huge reduction in fuel prices from Friday but no reductions in transport fares
Institute for Energy Security, a think tank that monitors happenings in the petroleum sector, has predicted that fuel prices will drop significantly from Friday
“Economic Maguire” & Ofori-Atta secure win for cedi against dollar after IMF staff-level deal
Finance minister Ken Ofori-Atta and Dr Mahamudu Bawumia have been lauded for major appreciation of the Ghana cedi against the US dollar in the recent times.
Kenkey party loading as Ghana makes major progress towards $3bn IMF bailout
The IMF and Ghana, led by Ken Ofori-Atta, have reached staff-level agreement on economic policies and reforms to be supported by the $3 billion bailout money.
NPP accuses NDC of hiring TikTokers to speculate on local currency
A Deputy Communications Director of the governing NPP, Rabi Salifu has accused the opposition NDC of hiring Tiktokers to speculate on the cedi depreciation.
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