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Tag: Cedi Depreciation

Explainer: Why the cedi is slipping

Business, News September 5, 2025 Kennedy Mornah 0 Comments

The cedi has had one of its most dramatic years in recent memory. It opened 2025 at GH₵14.7 to the dollar. By February it had weakened slightly to GH₵15.50 and held there until April, making it one of the longest periods of stability in more than a decade. Then came the surprise. Between April and […]

Global oil drops but cedi depreciation keeps fuel prices high

Business, News February 17, 2025 Kennedy Mornah 0 Comments

Consumers are bracing for mixed outcomes at the pumps as global fuel prices decline, but the local currency’s depreciation threatens to offset potential relief. Despite a steady drop in Brent crude prices and refined petroleum product costs on the international market, the Ghanaian Cedi’s 2.18% fall against the U.S. Dollar is keeping fuel prices volatile. […]

BoG has strong buffers to support Cedi — Governor

Business, News March 26, 2024 Kennedy Mornah 0 Comments

The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has given an assurance that the central bank has strong buffers to support the Cedi in spite of the local currency depreciating by 6.8 per cent in the first quarter of the year. He said with the gross international reserves increasing to $6.2 billion […]

Cedi depreciation: GUTA urges BoG to clamp down on black market operators

Business, News May 2, 2019 Kennedy Mornah 0 Comments

The Ghana Union of Traders Association (GUTA) says they have never thrown their support behind the activities of black market operators in the country as being peddled in some sections  of the media. They argue that they have been at the forefront of advocating for the Bank of Ghana to clamp down on the activities […]

Even More News

Serene Insurance CEO wins top most award at two industry events

September 9, 2025

The Chief Executive Officer of Serene Insurance Company Limited, a member of the First Sky Group, Mrs. Mercy Naa Koshie Boampong has been adjudged Insurance Personality for 2025 and Insurance Professional of the Year 2024 at two separate prestigious insurance industry events in August, 2025. Mercy was the recipient of the topmost award at the […]

Engineers & Planners takes over Black Volta and Sankofa Gold projects

Bank of Ghana suspends UBA Ghana’s forex licence over regulatory breaches

BoG suspends remittance partnership of 3 Payment Service Providers

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  • Serene Insurance CEO wins top most award at two industry events
  • Ghana 1:0 Mali: Black Stars top World Cup qualifiers Group I with 19 points
  • MFWA says Felix Gyamfi’s defence of flawed NSA platform ‘untenable’
  • Ghana’s Esther Cobbah becomes first African President of Global Public Relations body
  • WAEC to blacklist corrupt exam officials exposed in JoyNews’ ‘Dark World of BECE’ documentary

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