Audio By Carbonatix
On August 18th, 2022, the Ghana cedi reached the GHC10 mark, trading at GHC10.01 in the retail market. Simultaneously, the cedi fell from GHC10 to the Euro.
Also, a recent currency performance ranking by Bloomberg classified the Cedi as the worst-performing currency across the globe after Sri Lanka’s Rupee.
Bloomberg tracked the performance of 150 currencies in the world and the Cedi placed last but one in terms of performance since the beginning of the year.
In this regard, the Bank of Ghana announced measures to help address the cedi depreciation as well as the rising inflation.
The Business Edition of PM Express, tonight delved into what banks can do to resolve the depreciation of the cedi.
The guest for the discussion was the Chief Executive of the Ghana Association of Bankers, John Awuah. Stay tuned.
Latest Stories
-
Africa editors chart reform agenda and elect new executive council
1 minute -
At least 153 dead after reported strike on school, Iran says
16 minutes -
President Mahama arrives in Tanzania to address African Court on human and peoples’ rights
27 minutes -
Ghana’s current surplus to average 3% of GDP in 2026 – Databank Research
43 minutes -
Cedi to depreciate by 7.20% in 2026
48 minutes -
Banks record GH¢15.0bn profit in 2025, a 43.5% growth Â
48 minutes -
The Africa Editors Forum honours Ghana’s Kwame Karikari with Lifetime Service to Journalism Award
49 minutes -
Weak revenue performance, pressures from compensation pose fiscal risks to economic outlook – BoG
50 minutes -
2025/26 GPL: Bechem United held to goalless draw by Karela United
56 minutes -
Specialised courts to fast-track justice on galamsey, corruption and financial crimes – Judicial Secretary
56 minutes -
Ghanaians urged to embrace specialised courts for effective justice delivery
1 hour -
Sextortion offenders face up to 25 years in jail – Judicial Secretary warns
1 hour -
Air Pollution responsible for a third of stroke, lung cancer and neonatal deaths in Ghana — 2025 SoGA Report
2 hours -
Air pollution may directly contribute to Alzheimer’s disease – new study
2 hours -
Tinubu overhauls Police leadership as River Park case, financial scandal trail Egbetokun’s exit
2 hours