As of December 23, BoG sells for GHS 8.30 and Cedi is sold at GHS 11.50 in bureaus.
The Interbank forex rates from the Bank of Ghana today, December 21, 2022, have shown that the Ghana Cedi is exchanging against the dollar at a purchasing cost of 8.2959 and a selling cost of 8.3042. When contrasted with the previous exchange of a purchasing cost of 8.0050 and a selling cost of 8.0090.
The Depreciation of the Ghana Cedi (Causes and Solutions for a Stable Currency)
The depreciation of the Ghana cedi has been a significant issue in recent years, causing a decline in the purchasing power of the currency and making it harder for the government, businesses, and households to meet their financial obligations. The depreciation of the cedi is caused by a combination of factors, including high inflation, a widening trade deficit, and a lack of foreign investment.
Cedi sells at GH¢11.50 at forex bureaus, BoG at GH¢8.30 as of December 27
Note that these rates might be different at a forex department close to you. Our forex authority rates are given by Afriswap Agency De Change in Osu, Accra. The Interbank forex rates from the Bank of Ghana today, December 27, 2022, have shown that the Ghana Cedi is exchanging against the dollar at a purchasing cost of 8.2988 and a selling cost of 8.3072.
Worst Performing currencies in Africa in 2021, see the performance of the Ghana Cedi (¢).
Welcome to Nazeef69 News Arena and thank you for opening this article. Today we are looking at the worst performing African currencies in 2021. Depreciation of currencies is caused by a lot of factors such as interest rates, inflation rates, Tax rates and many other factors.
As of December 26, Forex Bureaus sell $1 at GH11.50 and BoG at GH8.30.
The Interbank forex rates from the Bank of Ghana today, December 26, 2022, have shown that the Ghana Cedi is exchanging against the dollar at a purchasing cost of 8.2988 and a selling cost of 8.3072. When contrasted with the previous exchanging of a purchasing cost of 8.2959 and a selling cost of 8.3042.
Evangelist Attacks Woman For Crashing Offering Bowl
A funny incident reaching Angel Broadcasting Network (ABN) indicates that an evangelist wildly attack a woman who crashed his offering bowl to the ground. According to the News Anchor, the evangelist was preaching at the market and had not forced anyone to pay offertory but they can pay if the word of God has touched their hearts.
Performance Of Africa Currencies In 2021, See The Ghana Cedi Position
Early this afternoon, Joy News reports on how the American Global Economic Agency - Bloomberg surveyed the performance of Africa currencies on the World market, and what they come up with was a bit shocking as the Ghana Cedi hits the 14th position with the worst spot returns in 2021.
Bad Record Attained: The Akufo-Addo Led Government Disgraces Your Ghana Cedi Thrice In A Day
Photo Credit: Otknews Survival is a natural human instinct. You do your possible best to be happy when sad. You continuously run from your fears in order to feel safe. You may also do everything possible to avoid financial suffering since you wish for financial freedom.
'The Ghana Cedi is currently one of the worst-performing currency in Africa.
Ghanaian businessmen claim that they are losing money on their operations because of the instability caused by the cedi. According to Bloomberg, the Ghana cedi is the worst-performing currency among Africa's main currencies. Ghana is at the bottom of the list of 15 major currencies studied, while the Namibian dollar is at the top.
Bank of Ghana upgrades the one Ghana Cedi coin
Bank of Ghana has upgraded the One Ghana Cedi (GHC I) coin with enhanced security features. In a statement released on Tuesday 6th December 2022, The Central Bank said it will issue the upgraded GHC1 coin into circulation from Monday,12th December 2022. The coin is similar to the existing GHC1 coin in shape.
JUST IN: One(1) US Dollar Nears Ten(Ghc10); See Cedi Selling Rate As At August 11
The buying rate for the Ghana Cedi today, August 11, 2022, on the Interbank FX rates from the Bank of Ghana is 8.0261 and the selling rate is 8.0341. Compared to the buying and selling prices of 8.0161 and 8.0241 from the previous day. In Accra, one may purchase a dollar for 9.18 and sell it for 9.45 through a currency exchange.
Currency Values. The Cedi's performance against major foreign currencies as of May 5.
The Cedi was trading at a mid-rate of 7.1133 against the dollar. It was trading at a mid-rate of 8.8934 against the Pound Sterling. The mid-rate for the Euro is 7.5047. Please keep in mind that the prices at a forex bureau near you may differ. Afriswap in Osu, Accra, provides the forex bureau rates.
In Less Than Two Years To Go, President Nana Addo Set To 'Unleash His Last Plans' To Save Ghana
His Excellency President Nana Addo Dankwa Akufo-Addo; who started his first four year term with great energy, 'burning fire', and with a 'high spirit', landed on a direction that appears to be a 'wrong turn'. Everything happening in Ghana today under President Nana Addo; from the current broken state of the economy, the continues falling of the Ghana Cedi against its major international trading currencies, high cost of living, and high cost of goods and services, shows that, the president, his vice and the finance minister, have lost control.
John Mahama advises government on what to do to salvage the economy
The former president, John Dramani Mahama has once again expressed his opinion on the economy of the country. The 2020 flag bearer of the opposition National Democratic Congress bemoaned the deteriorating nature of the Ghanaian economy and provided the government with the solution to the endless economic challenges the nations ion been going through in these recent times.
Reasons why Bank of Ghana wants to Phase out GH¢1 and GH¢2 Notes.
Money proved its efficiency, this is why it exists even in centrally planned economies. The existence of money and its functions as a medium of exchange and a measure of value facilitate the transactions of goods and services and the continuous specialisation of production. In a barter-based economy, where money was not used, trade would consist in the direct exchange of one commodity for another.
The Cedi's performance versus some main currencies as of June 23
The mid-rate for the Cedi against the dollar was 7.2110. Its mid-rate exchange value against the pound sterling was 8.8749. The mid-rate for the Euro is 7.6399. The Ghana Cedi is now trading against the dollar at a purchasing price of 7.2074 and a selling price of 7.2146 on the Interbank exchange rates published by the Bank of Ghana for today, June 23, 2022 vs yesterday's transaction, which had a purchase price of 7.2024 and a sale price of 7.2096.
"Very soon we will have gh¢1000" - Reactions as Bank of Ghana is set to withdraw gh¢1 and gh¢2 notes
The current trend of the central bank's management of the national currency may have a cause for worry. Since the introduction of the new Ghana Cedi back in 2017, the smaller denominations have forced themselves out of circulation one after the other and the Bank of Ghana has had to withdraw it from the public.
The Cedi's performance against the US dollar: As of June 17, the currency is selling for GH8.15.
The Cedi was trading at a mid-rate of 7.2030 against the dollar. It was trading at a mid-rate of 8.8442 against the Pound Sterling. The mid-rate for the Euro is 7.5608. The Ghana Cedi is trading against the dollar at a purchasing price of 7.1994 and a selling price of 7.2066, according to the Bank of Ghana's Interbank exchange rates for Wednesday, June 17, 2022.
Ghana Money: Which currency do you value most
Before you read this article, do t dobet to click on the follow button at the right top corner of your opera news app. Like and share your ideas. Ghana's currency is the fourth historical and only current legal tender in the Republic of Ghana. Many currencies have run through the Ghanaian system right from independence up to date.
The Ghana Cedi And The Exchange Rate: Is The Media Fair In Its Reporting?
The U.S dollar is the world’s reserve currency and backed by the world’s largest gold reserves thanks to the Bretton Woods Agreement. This made it the main currency for trading and pricing goods and services globally. As a result of the above, the dollar's value in relation to other local currencies has become an important economic statistic affecting imports and exports.