CEDI Archives - GhnewsbanQ

Ghana Cedi depreciated 19.1% against the dollar in January 2023 – BoG

January 28, 2023 by GhNewsBanQ

Cedi suffers more depreciation: $1 now sells for ¢13.75.

In the first month of 2023, the Ghana cedi lost significant value against the dollar, declining by 19.1%. The cedi traded in the interbank market in January 2023 at a rate of ¢10.60 to one US dollar, up from ¢8.57 on December 31, 2022, according to the Bank of Ghana’s January 2023 Summary of Economic … Read more

Ghana’s Cedi ranked as the world’s worst performing currency in 2022.

October 18, 2022 by GhNewsBanQ

Ghana’s Cedi ranked as the world’s worst performing currency in 2022. The Cedi has been reported by Bloomberg to be the world’s worst-performing currency this year as investors continued to squeeze foreign capital to the west African country before a deal with the International Monetary Fund. The currency of the world’s second-biggest cocoa producer depreciated … Read more