Cedi suffers more depreciation: $1 now sells for ¢14 The woes of the Ghana cedi continued as it depreciated further to about ¢14 to the US dollar less than a day, after reaching ¢13 on October 19. This is equivalent to about 12% depreciation in only four days of this week. The local currency is … Read more
1 Dollar breaks ¢12 mark; forex bureaus sell a dollar for ¢12.10. The Ghana cedi has breached the ¢12 to the dollar mark within just a week, selling at ¢12.10 at most forex bureaus or the retail market. A visit by Joy Business to some forex bureaus indicates that most of the operators are selling … Read more
1 Dollar breaks ¢11 mark; forex bureaus sell a dollar for ¢11.30. The Ghana cedi’s problems worsened, with the retail exchange rate standing at ¢11.30 to the dollar. It recently crossed the 11-to-1 threshold, which occurred on Saturday, October 8, 2022. According to Joy Business’s inspections of a few forex offices in Accra, the nation’s … Read more