Audio By Carbonatix
The Ghana Cedi is reported to be trading at 9 cedis 90 pesewas to the United States dollar in what analysts say is a significant appreciation after months of struggle with the dollar, Euro, the Pound and other currencies.
A recent currency performance ranking by Bloomberg classified the Cedi as the worst-performing currency across the globe after Sri Lanka’s Rupee.
Bloomberg tracked the performance of 150 currencies in the world and the Cedi placed last but one in terms of performance since the beginning of the year.
In less than 8 months, the Cedi has come under intense exchange rate pressure.
But after going down 10.3 cedis to the dollar, it started off today on a strong footing crawling back to 9.
Minister of State at the Finance Ministry, Charles Adu Boahen attributes the appreciation to the availability of the 750 million dollar Afrexim loan.
Join in the conversation tonight as PM Express discusses how to cement the gains.
Latest Stories
-
The 2026 crossroad: How Ghana can turn an energy crisis into an industrial renaissance
3 minutes -
2026 World Cup: Ghana can compete with England in Group L – UK-based journalist
7 minutes -
The possible removal of EC Chair and others – a tale of two scenarios
18 minutes -
Walewale Municipal Hospital forced to discharge man who was assaulted for alleged attempted theft
28 minutes -
Matthew Nyindam will only be reinstated as MP If … – Inusah Fuseini
40 minutes -
Shippers Authority vows to protect importers and exporters under new regulatory mandate
44 minutes -
Roads Ministry launches reforms to ensure quality bitumen supply
47 minutes -
Daily Insight for CEOs: The CEO’s role in Enterprise Risk Management (ERM)
56 minutes -
Many women suffer in silence under domestic abuse – SYA Empowerment Network
1 hour -
OSP arraigns ex-NPA boss Mustapha Hamid, nine others on 54 corruption charges
1 hour -
Asantehene to present Bawku mediation report to Mahama on Dec. 16
2 hours -
Parliament not clothed to declare Kpandai seat vacant – Kyei-Mensah-Bonsu
2 hours -
Trump criticises ‘weak’ European leaders over Ukraine and immigration
2 hours -
Full text: NPP’s speech on Kpandai election petition judgement
2 hours -
Communicating to act on sexual and reproductive health in Africa: UNFPA’s innovative approach
2 hours