Audio By Carbonatix
The Ghana cedi for the third-day running strengthened in value against the US dollar and the other major foreign currencies.
It is now going for ¢12.80 on the average to the American ‘greenback’, according to checks by Joy Business at some foreign bureaus.
The local currency is also selling at ¢12.85 to the euro and ¢15.00 to the British pound respectively.
It appears the continuous weakening of the dollar against major foreign currencies and clarity on Ghana’s debt restructuring programme is helping the cedi to improve in value against the US dollar.
Therefore, the rate of depreciation of the cedi has narrowed to about 48%.
Last week, the local currency gained 3.12% against the dollar, 0.88% to the pound and 3.79% versus the euro on the retail market.
Cedi sold at ¢13 to dollar yesterday
The cedi sold at ¢13.00 on the average at most forex bureaus on December 8, 2022.
Latest Stories
-
$30m China grant insufficient for Damongo university project – Haruna Iddrisu
5 minutes -
Food vendor recounts how she narrowly escaped New Winneba attack
10 minutes -
Military to secure James Town after massive waste evacuation – Ayariga
11 minutes -
Charlie Kirk murder suspect pleads not guilty as judge clears way for death penalty trial
13 minutes -
Signals Bureau case: ‘We were battle-ready’ – Atta Akyea fires at AG over absence of prosecution team
21 minutes -
NSA sets September 4 deadline for final rectification of biodata mismatches
24 minutes -
Gospel musician Bernice Offei reported missing
29 minutes -
IMF, former gold buyers uncomfortable with Ghana’s gold policy – Asiedu Nketia
32 minutes -
18 years, 66 plays Ebo Whyte has one more story to tell: “Honey trap”
33 minutes -
PHOTOS: McDan and Ayuda claim singles titles in 2026 JoySports Invitational
33 minutes -
IEA describes gov’t proposals on women, marginalised groups in Parliament ‘grossly insufficient’
34 minutes -
Ghana marks 2026 Children’s Day with call to amplify voices against abuse
34 minutes -
TEIN UK–Ireland engages Ghana High Commission on support for students, professionals
36 minutes -
Fire destroys five commercial containers at Kotobabi Down near Antrack Filling Station
39 minutes -
NCD Alliance Ghana urges government to accelerate action on NCDs and mental health
40 minutes