Audio By Carbonatix
The Ghana cedi lost 0.48% to the dollar last week, increasing its year-to-date loss to 1.27% with just 13 days into 2025.
Cedi loses grounds against dollar but records gain against pound; one dollar equals GH¢15.85
The local currency closed closing at a mid-rate of GH¢15.68 to one American greenback.
It also depreciated by 0.62% to the euro, while it gained 0.26% versus the pound.
It begun this week January 13, 2025, going for GH¢15.85 to one American greenback.
Looking ahead, the Central Bank plans to auction its first US$ 20mmillion to the Bulk Oil Distribution Companies (BDCs) this week.
While the action may help address some demand, analysts expect the cedi to remain under pressure for the most part of this week as the strong forex demand continues to persist.
Latest Stories
-
Minerals Commission halts online mineral rights applications until June
7 minutes -
Serve the nation honestly, or journalists will expose you – GJA President tells public servants
18 minutes -
Ghana, Kyrgyzstan deepen relations with new agreements on cooperation and visas
23 minutes -
GAF issues appointment letters to first batch of 2025/2026 recruits
25 minutes -
Middle East tensions: policy rate cut to 14% not a risk – Dr. Asiama
28 minutes -
Justice for JoyNews’ Latif Idrisu: GJA welcomes out-of-court settlement
41 minutes -
King Charles greets Nigerian president in Windsor sunshine
50 minutes -
GJA urges Ghanaians to celebrate Heritage Month, promote national identity
51 minutes -
GJA raises alarm over alleged police intimidation of journalists
58 minutes -
Ghana pushes Safe Water Enterprises toward investment-ready growth at 2026 Beyond the Pipe Forum
1 hour -
Annoh-Dompreh claims NDC officials threatening MPs over cocoa farmer outreach
1 hour -
GJA calls for depoliticisation of security recruitment
1 hour -
Chleo-Patra Azantilow writes: Governance in action; institutional reset at the National Youth Authority
1 hour -
Be visible at work, create value – Mrs. Amissah-Arthur to Deloitte female professionals
1 hour -
I want my story to inspire youth from deprived communities – Adutwum shares reason behind presidential ambition
1 hour