This intervention comes at a critical time, as the Ghanaian cedi currently stands at approximately GH¢17 to one US dollar, reflecting a concerning year-to-date depreciation of 24.3%.

The cedi, which has been under pressure throughout the year, sold at GH¢12.46 to $1 in January, GH¢12.78 in February, and GH¢13.38 by the end of March 2024. From GH¢13.89 in April, the cedi ...

The Bank of Ghana (BoG) says it is taking proactive measures to bolster its reserves in order to address the depreciation of the cedi against major foreign currencies. With the festive season ...

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The Ghana cedi will record stability in the near term, helped by Moody's upgrade of Ghana’s credit rating and the expected US$360 million inflow from the International Monetary Fund. However ...

As the festive season approaches, the Bank of Ghana (BoG) has announced proactive measures aimed at fortifying its reserves to address the persistent depreciation of the cedi against major global ...

The Bank of Ghana (BoG) has assured that it is implementing proactive measures to strengthen its foreign reserves in response to the ongoing depreciation of the cedi against major currencies. With the ...

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The Bank of Ghana (BoG) is bolstering its reserves to curb the cedi’s depreciation against major foreign currencies as demand for forex is anticipated to rise with the upcoming festive season. The ...