Search

Ghana’s Cedi Expected to Continue Slide

  • Cedi weakens significantly against major currencies, falling 3.83% against the USD.
  • Market analysts foresee continued depreciation due to supply-demand imbalances and economic uncertainties.

 

Accra, Ghana – Market analysts are anticipating further weakening of the cedi in the short term, given the Bank of Ghana’s (BoG) current stance and the significant supply-demand imbalances in the market.

Recent Business

Afreximbank staff led by Senior Executive Vice President, Denys Denya (in grey suit) with SMBC Nikko at Kanazawa Branch, Japan
Afreximbank raises $527mn in Japan as investor demand surges
Read More »
A flag of China. Photo by Bo Peng @ Unsplash
Is Africa becoming the new battleground for China and Asia’s minerals race?
Read More »
Tanzania President Samia Suluhu Hassan at her investiture. Photo @ Samia Hassan/Facebook
Tanzania faces funding freeze fears amid election backlash and ICC pressure
Read More »

Recent Politics

Tilembeya, Mopti, Mali. Photo by Kagou Dicko @ Unsplash
IMF backs Mali reforms despite insecurity and debt risks
Read More »
A public school in Port Harcourt, Nigeria. Photo by Emmanuel Ikwuegbu @ Unsplash
Nigeria shuts schools in northern region as mass kidnappings surge
Read More »
Yaoundé, Cameroon © Unsplash
Cameroon opposition leader Tchiroma flees to Gambia after disputed election
Read More »

Latest Posts

Latest news insights