Some major shopping outlets and supermarkets have started reducing prices of their products and items on sale due to the cedis’ appreciation against the U.S dollar. Joy Business can confirm. Household goods and furniture shop, Orca Deco Ghana on May 12, 2025 announced that it has dropped prices of some items by 15 percent. The company […]
Tag: US Dollar
Cedi’s losing streak continues; one dollar equals GH¢16.00
The Ghana cedi lost 1.57% to the US dollar on the retail market last week despite the Bank of Ghana’s intervention of US$137.35 million. This took the year-to-date loss to 2.66%. It was the second week running that the local currency slipped against the American greenback after an impressive session. The announcement of the scrapping […]