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Ghanaian Cedi Second Worst-Performing Asset Among Sub-Saharan Africa’s Top 15 Currencies

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Ghanaian Cedi Second Worst-Performing Asset Among Sub-Saharan Africa’s Top 15 Currencies
Bank of Ghana
Ghanaian Cedi Second Worst-Performing Asset Among Sub-Saharan Africa’s Top 15 CurrenciesIn just the first 17 days of the new year, the Ghanaian currency reportedly depreciated by 12.7%, making it the second worst-performing among Sub-Saharan Africa’s top 15 currencies. While one U.S. dollar bought 13.10 units of the cedi on the parallel market, according to the latest Bank of Ghana data, one greenback buys around 10.36 […]
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Fears of Price Hikes Fuel Bulgarian Euro Protests

Fears of Price Hikes Fuel Bulgarian Euro Protests

Ghanaian Cedi Appreciates by More Than 30% in 4 Days — Currency Recovery Follows IMF Loan Announcement

Bitcoin.com
Ghanaian Cedi Appreciates by More Than 30% in 4 Days — Currency Recovery Follows IMF Loan Announcement
Bank of Ghana
Ghanaian Cedi Appreciates by More Than 30% in 4 Days — Currency Recovery Follows IMF Loan AnnouncementJust a few months after it became the world’s worst-performing currency, the Ghanaian cedi’s exchange rate versus the U.S. dollar bounced back from just over 14 units per dollar on Dec. 1, to 8 units for every dollar by Dec. 16, new data has shown. The currency’s resurgence appears to have been fueled by reports […]
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Fears of Price Hikes Fuel Bulgarian Euro Protests

Fears of Price Hikes Fuel Bulgarian Euro Protests

Ghana Takes Steps to Operationalize Gold-for-Oil Scheme — Move Expected to Help Halt Cedi’s Depreciation

Bitcoin.com
Ghana Takes Steps to Operationalize Gold-for-Oil Scheme — Move Expected to Help Halt Cedi’s Depreciation
Bank of Ghana
Ghana Takes Steps to Operationalize Gold-for-Oil Scheme — Move Expected to Help Halt Cedi’s DepreciationAccording to directives issued by Samuel A. Jinapor, the Ghanaian minister for lands and natural resources, large-scale gold mining companies will be required to “sell 20% of all refined gold at their refineries to the Bank of Ghana.” A gold-for-oil scheme is part of the Ghanaian government’s plan to stop the further dwindling of the […]
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Fears of Price Hikes Fuel Bulgarian Euro Protests

Fears of Price Hikes Fuel Bulgarian Euro Protests

World’s Worst Performing Currency, the Cedi, Reverses Gains — Economist Steve Hanke Says Ghana Inflation Now Over 140%

Bitcoin.com
World’s Worst Performing Currency, the Cedi, Reverses Gains — Economist Steve Hanke Says Ghana Inflation Now Over 140%
Bank of Ghana
World’s Worst Performing Currency, the Cedi, Reverses Gains — Economist Steve Hanke Says Ghana Inflation Now Over 140%Just days after registering marginal gains against the U.S. dollar, the Ghanaian currency — the cedi — slipped to C14:$1 versus the U.S. dollar on the foreign exchange parallel market on Nov. 7. The cedi’s reversal is said to have dented the currency’s recovery prospects. On the other hand, Ghana’s former president John Mahama and […]
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Fears of Price Hikes Fuel Bulgarian Euro Protests

Fears of Price Hikes Fuel Bulgarian Euro Protests

Displaying US Dollar Prices Still Prohibited, Ghanaian Central Bank Tells Actress Lydia Forson

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Displaying US Dollar Prices Still Prohibited, Ghanaian Central Bank Tells Actress Lydia Forson
Bank of Ghana
Displaying US Dollar Prices Still Prohibited, Ghanaian Central Bank Tells Actress Lydia ForsonThe Bank of Ghana recently warned businesses quoting U.S. dollar prices that the practice is still prohibited and that the cedi remains Ghana’s sole legal tender. The bank said it is working with law enforcement to “clamp down on illegal foreign exchange operations.” In addition to naming and shaming businesses violating the law, a Ghanaian […]
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Fears of Price Hikes Fuel Bulgarian Euro Protests

Fears of Price Hikes Fuel Bulgarian Euro Protests

Report: Ghanaian Cedi Slides Further Versus the US Dollar to Become World’s Worst-Performing Currency

Bitcoin.com
Report: Ghanaian Cedi Slides Further Versus the US Dollar to Become World’s Worst-Performing Currency
bitcoin.com
Report: Ghanaian Cedi Slides Further Versus the US Dollar to Become World’s Worst-Performing CurrencyAs Ghana waits for a financial bailout from the International Monetary Fund (IMF), the country’s currency continued its slide versus the dollar after the respective currencies’ exchange rate slipped to just under C15:$1. Following this latest plunge, the cedi has now depreciated by more than 55% in 2022 and this makes it the world’s worst-performing […]
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Fears of Price Hikes Fuel Bulgarian Euro Protests

Fears of Price Hikes Fuel Bulgarian Euro Protests

Ghana Central Bank Reiterates Warning Against Practice of Pricing Goods in Forex

Bitcoin.com
Ghana Central Bank Reiterates Warning Against Practice of Pricing Goods in Forex
Bank of Ghana
Ghana Central Bank Reiterates Warning Against Practice of Pricing Goods in ForexThe Bank of Ghana has warned businesses and the public against the practice of demanding or making payments in foreign currency without its authorization. The central bank’s warning comes just over a month after Ghana’s currency was rated the worst performing among Africa’s top currencies. Violators Face Possible Prison Time The Ghanaian central bank has […]
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Fears of Price Hikes Fuel Bulgarian Euro Protests

Fears of Price Hikes Fuel Bulgarian Euro Protests

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