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

An oil worker on the field. Photo by Chintya Akemi Keirayuki @ Unsplash
South Africa’s new national oil firm SANPC targets operations by 2027
Read More »
Dakar, Senegal. © Pexels
Senegal launches asset monetisation fund as debt pressures mount
Read More »
Africa’s richest man, Aliko Dangote (middle) to expand oil refinery. Photo @ Dangote Website
Nigeria’s Dangote refinery targets 1.4mn bpd with Honeywell technology
Read More »

Recent Politics

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 »
Samia Suluhu Hassan, President of Tanzania. Photo @ Samia Suluhu Hassan/Facebook
Samia’s family picks ignite Tanzania nepotism storm
Read More »

Latest Posts

Latest news insights