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
-
Ghana’s Jada Yankey clocks new personal best at AP Race London International
36 minutes -
GPL 2025/26: Berekum Chelsea end season on high with win over Bechem
40 minutes -
Alleged shooting of chief’s brother by galamseyers triggers tension at Gwira Ampansie
57 minutes -
Livestream: The Probe examines New Decentralisation Policy
1 hour -
Enterprise Insurance pays over GH¢280m in claims in 2025
1 hour -
Ato Forson congratulates Benin’s former finance minister on inauguration as President
2 hours -
GOIL announces GH¢0.06 dividend per share for investors
2 hours -
BoG policy rate hold confirms inflation to trend upwards – IC Insights
2 hours -
Photos: Ablakwa meets Ghanaian community in Pretoria
2 hours -
Rising fuel costs pose risk to Ghana’s inflation outlook – Deloitte
2 hours -
T-bills: Government records 5.9% undersubscription, but interest rates decline marginally
2 hours -
Government will not tolerate shoddy road projects – Roads Minister
3 hours -
25/26 GPL: Vision end campaign with win over Aduana
3 hours -
GPL 2025/26: Young Apostles survive relegation with win over Samartex
3 hours -
Gunmen allegedly kidnap teenager at Kabulya near Bimbilla, demand ransom
3 hours