The local currency has enjoyed a good run against its major trading partners in the first month of the year — appreciating against all the three major currencies, the dollar, euro and pound sterling, according to data released by the Bank of Ghana. The cedi, which depreciated against all the three currencies last year, has […]
Tag: Cedi
Management of Cedi under Akufo-Addo-Bawumia the best since 1992-Lecturer
A Lecturer at the School of Business and Law of the University for Development Studies, Dr. Muazu Ibrahim has described the management of the local currency, the Cedi, under President Nana Addo Dankwa Akufo-Addo and Vice President Mahamudu Bawumia as the best since 1992. In a write-up analyzing the management of the Cedi by various […]
Ken Ofori-Atta blames fall of cedi on structural rigidities and speculation
The Minister of Finance, Ken Ofori-Atta, has stated that the cedi is performing better under the Nana Addo administration. He explained that the cedi recently suffered some turbulence despite the strong economic fundamentals and improvement in the country’s balance of payments, which the government achieved in the last two years. “It is also noteworthy that […]
Ghana’s EMT has lost it, how can the currencies of war-ravaged countries be stronger than the cedi-A-plus
Musician and self-styled anti-corruption campaigner, Kwame Asare Obeng popularly known as A-Plus has once again lampooned and berated the ruling New Patriotic Party and government for what he says is the poor management of the economy. In his estimation, the Economic Management Team (EMT) and government has showed crass incompetence in managing the local currency, […]
If hotels, landlords, ports and gov’t agencies quote their rates in dollars, why are we surprised about the fall of the cedi-KSM
Satirist and actor, Kwaku Sintim-Misa popularly known as KSM is blaming the free fall of the local currency, the cedi to the dollarization of the Ghanaian economy. According to him, the mere fact that almost every important service provided in the country is quoted in dollars is reason enough for the dollar to remain superior […]
Injecting 800 million dollars to cushion cedi is a knee-jerk reaction, it won’t work-Kwesi Pratt
The Managing Editor of Insight Newspaper, Kwesi Pratt Jnr. has pooh-poohed on government’s planned injection of some 800 million dollars to cushion the local currency, the Cedi to curtail its rapid depreciation against the major trading currency, the US Dollar. The free-fall of the local currency has become a major source of concern to various […]
Set up a commission to look into the Cedi depreciation-Franklin Cudjoe ridicules government
President of IMANI Africa, Franklin Codjoe says government must set up a commission of inquiry into the depreciation of the local currency, the Cedi just as it has done in the quest to save the country’s democracy. Mr. Cudjoe whose call was laced with some amount of sarcasm wrote on his Facebook Page ‘’ I […]