Browsing Tag

Cedi

Ghana Among Africa’s Top 10 Costliest Fuel Markets Despite Cedi Strength

The Current Landscape of Fuel Prices in Ghana: A Closer Look The landscape of fuel prices in Ghana seems complex, yet at the heart of it lies a noteworthy paradox. Even amidst a remarkable appreciation of the Ghanaian cedi by 24% since January 2025, fuel prices have remained high. It's almost as if the very currency gains have created an illusion of affordability, while consumers at the pumps still feel the sting of rising costs. As reported by GlobalPetrolPrices.com, the current fuel price in Ghana stands at an…

Ghanaian Cedi Struggles in its Standing as Africa’s Top Currency

In the fluctuating realm of currency exchange, the recent developments concerning the Ghanaian cedi have certainly caught the attention of many. The Bank of Ghana's official exchange rates have taken a troubling turn, effectively wiping out the modest gains that were achieved earlier this month. As the cedi continues its struggle against the dollar, one has to wonder: what are the underlying factors feeding this disheartening trend? This reversal comes after several weeks of cautious optimism buoyed by central bank…

IMF Considers Adjusting Ghana’s Program Goals Following Cedi Rise

Ghana's Economic Progress: A New Dawn During a recent press briefing in Washington, D.C., Julie Kozack, the Director of Communications for the International Monetary Fund (IMF), offered an insightful update on Ghana's economic program. Her remarks echoed the commitment of the IMF to consider prevailing financial conditions and macroeconomic developments in future reviews. This isn’t just bureaucratic jargon; it’s a beacon of hope for Ghanaian citizens who have closely followed their…

Ghana Cedi: Africa’s 7th Most Robust Currency

In the ever-dynamic world of foreign exchange, where currencies ebb and flow like a tide that shapes economies, the Bank of Ghana brought forth a compelling report. They stated that the Ghanaian Cedi had depreciated by 5.3% against the US dollar in the interbank market over the first quarter of 2025. This insight invites the question: what does this mean for a nation striving for economic prowess? Oddly enough, the Cedi's descent appeared gentler in the retail market, where it fell by a…

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