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
-
Gender gap in agribusiness threatens Africa’s Climate resilience — NEDEA Report
4 minutes -
OMCs commence increase in fuel prices; GOIL sells petrol at GH¢10.46
10 minutes -
Mother, three children drown in abandoned galamsey pit at Wassa Dankwa
12 minutes -
HIV rate in Wenchi the third highest in Bono Region
23 minutes -
First Lady Lordina Mahama enstooled Nkosuohemaa of Akroso Asukawkaw
25 minutes -
Ex-NaCCA boss Dr Prince Armah authors book to improve Mathematics teaching and understanding in JHS
35 minutes -
Africa could become a safe haven for refugees if Middle East conflict escalates — Dr Mireku
48 minutes -
Bridget Bonnie & Friends mark 6th blood drive with maternal blood bank initiative at 37 Military Hospital
57 minutes -
Old Tafo Municipal Assembly holds mass clean-up ahead of 69th Independence day
1 hour -
Saudi Aramco shuts Ras Tanura refinery after drone strike, source says
1 hour -
Opposition criticism on Ghana’s progress is politically motivated— Wonder Madilo
1 hour -
Association of customs house agents Ghana holds 5th AGM on 24-hour economy
1 hour -
Confront cocoa crisis head-on with structural reforms – Vicky Bright urges gov’t
1 hour -
Ghana has pivoted from crisis to stability, but sustainability is key – Vicky Bright on SONA 2026
2 hours -
GPL 2025/26: Antwi delivers as Dreams edge Aduana to boost survival push
2 hours