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Ghana inflation

Report: Ghanaian Currency Slips to Another Low Versus the US Dollar

Report: Ghanaian Currency Slips to Another Low Versus the US DollarAfter it slipped to a rate of about 12:1, the Ghanaian cedi became the latest African currency to touch a new low versus the U.S. dollar, albeit on the unofficial foreign exchange market. Having started 2022 trading around 6.25 per dollar, the cedi has now lost over 90% against the appreciating greenback. Protest Against the […]

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Latest Ghana Inflation Rate the Highest in 19 Years — Economist Recommends Installation of Currency Board

Latest Ghana Inflation Rate the Highest in 19 Years — Economist Recommends Installation of Currency BoardGhana’s ongoing economic woes appeared to worsen in July after data from the country’s statistical agency, Ghana Statistical Service, suggested that the inflation rate is now nearly 31.7%. The nearly 2% increase in the country’s inflation rate comes at a time when the local currency is reported to have depreciated by as much as 30% […]

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