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ECONOMY-FINANCE

There Is No Shortage Of Food, And No Queues For Petrol, The Cedi Depreciation Is A Global Crisis

A popular social media commentator and activist of the governing New Patriotic Party, Frank Mandela Bawumia has asserted that there isn't any shortage of any commodity in Ghana and that the cedi depreciation is as a result of global crisis. In a post shared on his official Facebook page on Friday, 21st October 2022, he wrote;

  1 month ago ago
There Is No Shortage Of Food, And No Queues For Petrol, The Cedi Depreciation Is A Global Crisis

ECONOMY-FINANCE

Cedi Trades At GHS13.08 At BoG And GHS14.80 At Forex Bureaus

Today, November 15, 2022, the Ghana Cedi is trading against the dollar at a purchasing price of 13.0744 and a selling price of 13.0824, according to the Bank of Ghana's interbank exchange rates. Against yesterday's trading, which had a purchase price of 13.0694 and a sale price of 13.0824.

  20 days ago ago
Cedi Trades At GHS13.08 At BoG And GHS14.80 At Forex Bureaus

ECONOMY-FINANCE

Did The Lord Ask You To Be Incompetent Or Mismanage Our Economy? - Sam George

President Akufo-Addo last night 30th October 2022 addressed the nation on the state of the economy following weeks of astronomical price hikes and the value of the Cedi taking a nose dive against the US dollar. The President blamed Covid-19 and the Russia-Ukraine war for their contributions to the current economic crisis facing the country.

  1 month ago ago
Did The Lord Ask You To Be Incompetent Or Mismanage Our Economy? - Sam George

ECONOMY-FINANCE

Cedi Sells At 13.08 At BoG, 14.80 At Forex Bureau

Today, November 14, 2022, the Ghana Cedi is trading against the dollar at a buying price of 13.0694 and a selling price of 13.0824, according to the Bank of Ghana's interbank exchange rates. As compared to the trading on Friday, which saw a buying price of 13.0694 and a selling price of 13.0824.

  21 days ago ago
Cedi Sells At 13.08 At BoG, 14.80 At Forex Bureau

ECONOMY-FINANCE

The Rescue Mission on the Cedi Depreciation By the Central Bank(BoG).

Ghanaians have been lamenting and blaming the worst performance of the Ghana cedi to a bad governance by the ruling party (NPP). With many Ghanaians comparing the current situation to the hardship of the 1983 famine which brought severe consequences to the nation. With others defending the ruling government especially those within the government inner circle blaming the the hardship on post covid management and the Russia - Ukraine war at the backyard of Europe.

  14 days ago ago
The Rescue Mission on the Cedi Depreciation By the Central Bank(BoG).

POLITICS

If I Speak For NPP, Will The Cedi Appreciate: Afia Pokua Vim Lady Descends On Govt -Video

Afia Pokua also known as Vim Lady has descended on the government for its inability to stop the cedi depreciation and inflation which has dire consequences for the country. The economic effect of the dollar, fuel hikes, and food price increments has turned the country into a seemingly helpless situation.

  1 month ago ago
If I Speak For NPP, Will The Cedi Appreciate: Afia Pokua Vim Lady Descends On Govt -Video

ECONOMY-FINANCE

How Come Ghana's Cedi Is The Worst Hit Globally By The Effects Of Covid And Ukraine/Russia War?

A Journalist and a former Manager at Airtel Ghana, Raymond Ablorh has quizzed the Ghana Cedi is the worst hit globally by the effects of Covid and Ukraine/Russia war. In a post shared on his official Facebook page on Tuesday, 18th October 2022, he wrote; "Didn't our lecture hall Economic Wizkid tell us that it's in time of crisis that the resilience of an economy can be tested?

  1 month ago ago
How Come Ghana's Cedi Is The Worst Hit Globally By The Effects Of Covid And Ukraine/Russia War?

ENVIRONMENT

Continue To Keep Faith With NPP Because The Elephants Know How To Survive Under Severe Dry Season: Razak Kojo Opoku Writes

Just like the Dry season, the current economic condition is not favorable to the welfare of majority of Ghanaians especially in the areas of Fuel and depreciation of the Cedi. However, relatively, the Cedi is experiencing some level of stability and hopefully the Cedi will be appreciating against the Dollar in the course of time.

  28 days ago ago
Continue To Keep Faith With NPP Because The Elephants Know How To Survive Under Severe Dry Season: Razak Kojo Opoku Writes

HEALTH

We Gave Dr Bawumia Mandate And He Has Now Moved The Cedi Rate From $1 -GHC3.7 To GHC13

Dr. Kwame Asiedu Sarpong is a Pharmacist and Research Fellow at CDD-Ghana has commented that Ghanaians gave mandate to Dr. Bawumia and he has moved the cedi rate 1 dollar to GHC 3.7 in 2016 to GHC13 in 2022. In a post shared on his official Facebook page on Tuesday, 18th October 2022, he wrote;

  1 month ago ago
We Gave Dr Bawumia Mandate And He Has Now Moved The Cedi Rate From $1 -GHC3.7 To GHC13

POLITICS

Efia Odo Joins Gang Of Celebs Taking Swings At Nana Addo

Efia Odo, an actress and model, has criticized President Nana Addo Dankwa Akufo-Addo for being "too proud" to acknowledge that he is to blame for the country's deteriorating economic situation, particularly in light of the free fall of the Cedi. Her remark follows the local currency's recent trading at GH15 to the US dollar.

  1 month ago ago
Efia Odo Joins Gang Of Celebs Taking Swings At Nana Addo

ECONOMY-FINANCE

Ghana’s Cedi To Further Weaken; Global Investment Bank Drops Bad News on Ghana

J.P. Morgan, a global investment bank and financial services company, has warned that Ghana's possible debt restructuring could hurt the local currency even more. The US-based company says that the change could be important even if Ghana's central bank changes or increases its foreign exchange (FX) purchase policy in the short term to help the cedi.

  1 month ago ago
Ghana’s Cedi To Further Weaken; Global Investment Bank Drops Bad News on Ghana

POLITICS

Cedi Depreciation: I Have Lost A Lot Of Money But I Can’t Talk- Kennedy Agyapong Cries Out

The Member of Parliament for Assin Central, Honorable Kennedy Agyapong has revealed that he has lost a lot of money due to the depreciation of the cedi in the recent days. Mr. Agyapong made this known while expressing his views on Oman FM regarding the closure of shops by the Ghana Union of Traders’ Association (GUTA).

  1 month ago ago
Cedi Depreciation: I Have Lost A Lot Of Money But I Can’t Talk- Kennedy Agyapong Cries Out

ECONOMY-FINANCE

Accra Shops Shut Down- As Cedi Hits GH¢13 To $1

Accra company owners closed their doors Wednesday in protest of the country's weak currency and rising costs of doing business. According to store owners, their predicament has been exacerbated by the high inflation rate and the weakening cedi (currently GH13 to $1). This is the second major demonstration by merchants against the rising cost of living in the country, and it is anticipated to go until Monday, October 24, 2022.

  1 month ago ago
Accra Shops Shut Down- As Cedi Hits GH¢13 To $1

ECONOMY-FINANCE

People are changing the cedis into dollars - Prof. Bokpin

Economist Professor Godfred Bokpin called on the government to take appropriate steps to restore investor confidence in the economy. According to him, the rapid decline in Cedi and the economic downturn have caused investors to start pouring money into the dollar, which is further weakening Cedi. He noted that such investors are aware of the impact of their actions on local currencies, but continue to do so out of common sense.

  1 month ago ago
People are changing the cedis into dollars - Prof. Bokpin

ECONOMY-FINANCE

$1 now sells for ¢15, as the currency faces fast depreciation. Ken Ofori-Atta says “Don’t panic”

The Ghanaian Cedi has fallen significantly to become the worst performing currency in the world this year, after losing more than 45% of its value to the US dollar. Bloomberg reports that the cedi lost 3.3% of its value against the dollar on Monday, October 17, 2022, to sell at 11.27 cedis per 1 dollar.

  1 month ago ago
$1 now sells for ¢15, as the currency faces fast depreciation. Ken Ofori-Atta says “Don’t panic”

ECONOMY-FINANCE

Is The Cedi Depreciation Recently The Stuff Of Nightmares?

The Cedi has depreciated in recent years, with the depreciation at its worst in its history. What is causing this depreciation and will it get better? The Cedi's History The Cedi, Ghana's currency, has been on a steady decline since 2014. Inflation has risen and the economy has struggled as a result.

  1 month ago ago
Is The Cedi Depreciation Recently The Stuff Of Nightmares?

ECONOMY-FINANCE

Prepare For More Depreciation Of The Cedi- Edudzi Kudzo Tameklo

The rise of the US dollar against the Ghanaian Cedi is causing havoc in the economy of country. Citizens have come out to express their displeasure. The cedi which was at GHS3.46 against the dollar in 2012 is now almost GHS15. What makes it disturbing is that the current government when in opposition made a promise to Ghanaians to arrest the dollar.

  1 month ago ago
Prepare For More Depreciation Of The Cedi- Edudzi Kudzo Tameklo

ECONOMY-FINANCE

Ghanaian president outlines measures to curb Cedi’s depreciation

Ghanaian President Nana Addo Dankwa Akufo-Addo outlined measures to halt the depreciation of the Ghana cedi late Sunday. Akufo-Addo announced these measures in a televised nationwide address, blaming the COVID-19 pandemic and the Russian-Ukrainian conflict for the country's economic woes. He also blamed currency speculators and unlicensed currency dealers dubbed as "black market operators" for the recent sharp fall in the value of the Ghana cedi.

  1 month ago ago
Ghanaian president outlines measures to curb Cedi’s depreciation

ECONOMY-FINANCE

We’re working to secure IMF deals by end of 2022 - Akufo-Addo

His Excellency the President of the Republic of Ghana has emphasized on possibly securing a deal with the International Monetary Fund (IMF) by the end of the year 2022. From his address, the country has a higher chance of agreement with the IMF by December to obtain the important bailout it needs.

  1 month ago ago
We’re working to secure IMF deals by end of 2022 - Akufo-Addo

ECONOMY-FINANCE

The Ghanaian cedi lost 40% in value on global markets.

The depreciation of the cedi was reported to be a result of "twin external shocks," the resignation of the then President of Ghana, and the OPEC output deal. In 2017, a new administration took over power in Ghana and suspicions arose. The new president appointed a successor.

  1 month ago ago
The Ghanaian cedi lost 40% in value on global markets.