On August 18th, 2022, the Ghana cedi reached the GHC10 mark, trading at GHC10.01 in the retail market. Simultaneously, the cedi fell from GHC10 to the Euro.
Also, 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 this regard, the Bank of Ghana announced measures to help address the cedi depreciation as well as the rising inflation.
The Business Edition of PM Express, tonight delved into what banks can do to resolve the depreciation of the cedi.
The guest for the discussion was the Chief Executive of the Ghana Association of Bankers, John Awuah. Stay tuned.
Latest Stories
-
Togbe Afede XIV calls for drastic restructuring of Bank of Ghana
2 hours -
Eric Johnson
2 hours -
Djokovic struck by water bottle at Italian Open
2 hours -
777 call in finance experts as Everton uncertainty grows
2 hours -
Casemiro left out of Brazil squad for Copa America
2 hours -
Chelsea sacking would not be a problem – Pochettino
2 hours -
Man Utd owners have ‘common sense’ – Ten Hag
2 hours -
Nduom hints at #BringBackGNBank nationwide campaign
6 hours -
GWCL staff locked up, assaulted for disconnecting defaulter
7 hours -
Akufo-Addo, Asantehene commission Prempeh I International Airport, Kumasi
7 hours -
We are confident about board meeting in June on Ghana’s second review – IMF
8 hours -
Eugene Osei Tutu: Who can lay claim to Kumasi International Airport- Mahama or Akufo-Addo?
8 hours -
Mbappe confirms he will leave Paris St-Germain
8 hours -
CAA Region II Athletics Championships will be properly organised – Dr Baah-Nuakoh
8 hours -
Over 185 state bungalows for public servants near completion in Ashanti Region
8 hours