[ad_1] Ghana faced a formidable challenge in 2022 as its public debt service burden devoured more than half of its domestic revenue, according to the Institute of Statistical, Social and Economic Research’s (ISSER) 2022 State of the Ghanaian Economy report, released on October 31. The ISSER report, quoting alarming statistics, highlighted the dire situation: “High…
[ad_1] The Ghana cedi is expected to remain relatively stable against the US dollar this week, following an ease in corporate demand. This follows a slight gain against the American greenback last week. The local unit closed stronger against the major trading currencies last week, amidst the Bank of Ghana’s intervention in the market and…
[ad_1] The Ghana cedi is expected to strengthen by roughly 1.0% to the US dollar in 2024, Fitch Solutions has disclosed in its latest Country Risk on Ghana. This will make it one of the best-performing currencies in Africa during the period. According to the UK-based firm, the government will make progress regarding the restructuring…
[ad_1] The Ghana cedi has remained relatively stable to the US dollar since depreciating by about 20.6% on the interbank forex market in January 2023. According to data from the Bank of Ghana, the local currency has lost about 22.5% to the American greenback as of September 2023. This is compared with 37.5% during the…
[ad_1] The Economist Intelligence Unit has revised its projected depreciation of the cedi to dollar in 2023 to about 23.0%, from the earlier 30.0%. According to its 2023 Updated African Outlook Report, this will place the local currency as the third weakest in Africa this year. That was a business desk report According to the…
