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
-
Central Regional Culture Coordinator urges students to balance free expression with cultural values
1 minute -
BSIFF 2026 brings four days of African cinema to Kumasi
3 minutes -
Krachi East Assembly hails Zoomlion’s IRECOP intervention at Yabram
6 minutes -
No criminal charges in death of black Mississippi teenager, grand jury says
7 minutes -
Parliamentary Sanitation Committee impressed by Zoomlion IRECOP progress in Oti Region
7 minutes -
Protect strategic assets, prioritise local ownership in PPPs – Hassan Ayariga
8 minutes -
NSMQ and Science Digest Show: A partnership advancing science and health education in Ghana
10 minutes -
MSDA President calls for national political heritage centre in Saltpond
11 minutes -
Four dead after powerful Typhoon Dujuan lashes Japan
12 minutes -
Frequency, magnitude of recent drug trafficking cases worrying – Security analyst
15 minutes -
Autopsy shows Hayden Panettiere died from a drug overdose
17 minutes -
Ghanaian interest comes first in 2027 Budget – Dr Ato Forson
23 minutes -
Government must answer how 80 bags of cocaine passed through Ghana’s ports – Miracles Aboagye
43 minutes -
Ghana Women’s Movement announces protest over alleged intimidation of women
45 minutes -
‘I was waiting for the list to believe my Black Stars call-up was real’- Ronald Donkor
48 minutes