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
-
Bank of Ghana orders financial institutions to stop supporting foreign currency crypto wallets
7 minutes -
Former Upper West Minister Backs Dr Issahaku Moomin for NPP Treasurer Position
2 hours -
Legal Education Reform: Assafuah questions possible return of entrance exams under new bar training system
2 hours -
2026 Apostolic Visitation commences at Cedar Mountain Chapel
2 hours -
Gov’t urged to strengthen capacity of MMDAs to improve building permit regulation
2 hours -
Sugarcane farmers call off protest, set July deadline for government action on Komenda factory
3 hours -
Asafo-Adjei Ayeh questions effectiveness of World Cup Committee after Partey’s visa setback
3 hours -
Use diplomatic channels to secure Partey’s entry into Canada – Asafo-Adjei Ayeh to gov’t
3 hours -
Gov’t should have foreseen Partey’s visa challenge – Bosome Freho MP
3 hours -
UCC opens internal probe into death of Level 200 student
3 hours -
From invisible to influential : Why Africans must take personal branding seriously
4 hours -
Police rule out visible assault in death of UCC student found on beach as investigations continue
5 hours -
Education Minister mourns UCC student, orders full investigation into death
5 hours -
Loud and Green : Plastic is not waste, it is an opportunity – PlasticPreneur challenges Ghana’s perception of plastic pollution
5 hours -
Government failed in diplomatic engagements over Partey’s visa issue – Bosome Freho MP
5 hours