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
-
Western Regional Minister applauds Karpowership’s role in Ghana’s power sector
6 minutes -
Livestream: Road safety crises: Where are we getting it wrong?
8 minutes -
Enterprise Life celebrates 25 years of protecting families and building trust
16 minutes -
ICC London rules in favor of Ghana against Tullow over $400m tax charge
26 minutes -
We are disappointed in ICC’s ruling over our corporate income tax assessment in Ghana – Tullow Oil
37 minutes -
Cost of building inflation for August 2026 increases to 4.6% – GSS
38 minutes -
Today’s front pages: Wednesday, September 30, 2026
1 hour -
Bawumia highlights agricultural, compulsory insurance reforms in IBAG engagement
1 hour -
Ghana will secure Tullow tax revenues while protecting Jubilee, TEN investments – Ato Forson
1 hour -
Ghana wins $393m Tullow tax arbitration as tribunal upholds GRA assessment
1 hour -
Gender Minister assures women’s group of action on Affirmative Action, Development Bank
2 hours -
Over 2,000 teachers in Dormaa comply with strike – GNAT Secretary
2 hours -
Food Buffer Stock seeks stronger liquidity buffer despite record profit
2 hours -
LPG investments key to achieving 50% access target by 2030 – Energy Minister
2 hours -
Jinapor: New LPG terminal strengthens Ghana’s energy security
2 hours