Audio By Carbonatix
The Ghana cedi lost further grounds Friday morning to trade at ¢14.70 to the dollar, quotations from the forex bureaus indicate.
The local currency lost 20 pesewas in value to the American 'greenback'. It sold for ¢14.50 last night.
Whilst the euro also appreciated marginally against the cedi, the local currency remained stable against the pound. It is going for ¢13.40 to the euro and ¢16.00 to the pound.
The cedi again lost significant value to the Chinese yuan in less than a day. It is selling at ¢2.3 to the yuan, from yesterday's (October 20, 2022) price of ¢1.4.
Similarly, it depreciated against the South African rand going for ¢1.9, from the previous price of ¢1.4.
https://www.myjoyonline.com/14-50-equals-1-as-cedi-depreciation-continues/
Latest Stories
-
Earlier passage of BoG’s Amendment Bill could have prevented haircuts – Dr. Asiama
24 minutes -
Economic stability gains were hard-won through discipline and institutional effort – BoG Governor
38 minutes -
GCB Bank rewards customers at first “Pa To Pa” Promo Draw
47 minutes -
EC sets March 3 for Ayawaso East by-election
1 hour -
Call for Applications: WikkiTimes launches Anas Aremeyaw Anas AI fellowship
1 hour -
GPL 2025/26: Dreams hold Hearts as Phobians record 8th draw
1 hour -
If you attempt to bribe a police officer now, he will disgrace you; he wants a promotion – IGP Yohuno
1 hour -
This Saturday on Newsfile: NPP Presidential primaries, Ofori-Atta, Sedina detention and LGBTQ-tainted manual
1 hour -
BoG to deepen media engagement and reward quality economic reporting – Governor
2 hours -
Photos: The Multimedia Group thanksgiving service 2026
2 hours -
BoG declares 2025 ‘Year of Restoration’ as inflation crashes and reserves hit 27-year high
2 hours -
2026 is the ‘Year of Action’ for Petroleum Hub project – Dr Toni Aubynn
3 hours -
Sedina Tamakloe set for January 21 US court hearing – Victor Smith
3 hours -
‘Ministerial signature is not ceremonial ink’ – CDM questions Education Minister’s role in curriculum saga
3 hours -
Multimedia Group Kumasi staff gathers to celebrate 31 years of broadcasting and community service
3 hours