Zuma urges Africa to adopt single currency for economic independence
Former South African President Jacob Zuma has called on African nations to pursue a unified currency to strengthen intra-continental trade […]
Currencies
GHANA’S CEDI ROARS BACK: GITFIC PROJECTS 29% APPRECIATION IN 2025
In a dramatic turnaround, the Ghanaian cedi is set to solidify its comeback against the U.S. dollar, with the Ghana International Trade and Finance Conference (GITFiC) forecasting an average exchange rate of just 10.02 GHS per USD for 2025—an impressive 28.94% improvement on 2024’s average of 14.10 GHS/USD.
BoG to Celebrate 60 Years of the Cedi as Ghana’s Official Currency
The Bank of Ghana (BoG) has announced plans to mark 60 years since the Cedi became Ghana’s official currency, with
From Deep Slump to Soaring Heights: The GITFiC Examines the Ghanaian Cedi’s Phoenix Moment
In just eighteen months, Ghana’s cedi reversed an 18% slide – falling from GHS 16.53 to GHS 13.47 per USD – through bold policy actions, innovative programs, and national resilience.
The Cedi gains strength against key currencies at Forex bureaus.
Ghana’s local currency, the cedi, is maintaining its upward trajectory against major trading currencies, particularly the US dollar, at various forex bureaus.
Cedi Faces Continued Volatility Amid Election Uncertainty, Trading at GHS17.20 per Dollar
Market analysts are forecasting continued volatility for the cedi, which has now surpassed GHS 17 to the US dollar amid
IMF and Ghana Reach Staff-Level Agreement for $360M Fourth Tranche
The International Monetary Fund (IMF) and Ghana have reached a staff-level agreement on the third review of Ghana’s $3 billion
Fraudulent bank staff activities on the rise- BoG Report
The year 2023 saw an increase in staff involvement in fraudulent activities recorded in Banks and Specialized Deposit-Taking Institutions (SDIs)
Banks Reintroduce Fees of Up to $20 on Foreign Currency Accounts
Some commercial banks have started reintroducing charges on foreign exchange accounts after previously suspending these fees due to regulatory pressure.
Cedi Surpasses GH¢16 Per Dollar in Retail Market
The Ghanaian Cedi has crossed the GH¢16 mark against the US Dollar on the currency retail market. A survey conducted