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inflation

Local currency depreciation pushes up Ghana’s March 2019 inflation

Annual Inflation, the measure of the rate of change in prices of consumer goods and services over a period of time inched up 0.1...
Photo taken on July 16, 2015 shows 1,000 Cedi notes and a Huawei Mobile phone P7 worthy of 1,000 Cedi in Accra, Ghana, July 16, 2015. Sub-Sahara African currencies have in recent months come under significant pressure. (Xinhua/Lin Xiaowei)

Ghana cedi depreciation is attributed to several issues

Mr Habibu Adam, an Economist, has attributed the depreciation of the cedi to the structure of the economy, allowing foreign portfolio investments into the...
Fuel

Zambia raises fuel prices on oil price hike, depreciation of local currency

Zambian consumers will pay more for fuel at the pump from midnight Tuesday, the Energy Regulation Board (ERB) said. The decision to raise the price...
Photo taken on July 16, 2015 shows 1,000 Cedi notes and a Huawei Mobile phone P7 worthy of 1,000 Cedi in Accra, Ghana, July 16, 2015. Sub-Sahara African currencies have in recent months come under significant pressure. (Xinhua/Lin Xiaowei)

Ghana cedi depreciation to continue if…

The cedi should begin its losing streak against the dollar from next month (October) if nothing is done to stem the situation. This is the...

BoG Reports 5% Cedi Depreciation for the Month of March

Latest figures by the Bank of Ghana have shown that the cedi’s depreciation against the dollar for March 2017, is five times more than...

GN Research Reveals Tax Cuts Continue to Pull Down The Cedi

Some currency analysts have warned that the government’s tax cuts would lead to a further depreciation of the cedi should it fail to stem...

Ghana’s Fuel Price Stability Shaky Over Depreciation

The Institute of Energy Security (IES) is predicting a further increase in fuel prices in the first pricing window of March due to the...

Ghana’s Fuel Price Stability Shaky Over Depreciation

The Institute of Energy Security (IES) is predicting a further increase in fuel prices in the first pricing window of March due to the...

Cedi Depreciation Caused By Uncertainty – Gold Coast boss

The decision by the Bank of Ghana to release about $120 million into the economy has been lauded by the General Manager of Gold...
Kenya

Kenyan foreign currency depreciation linked to fragile global trade environment

"The currency depreciation seen in 2015 across Africa is very similar to that seen in a number of other frontier and emerging markets,"...
Ghana Cedis

Devaluation of Ghana Cedis and way forward

The economic history of Ghana shows the various legal instruments used by the Bank of Ghana (BoG) to regulate the foreign exchange market. During the...

IMF To Review Ghana’s performance On January 13

According to an IMF calendar, the second review was expected to have taken place on December 18. No official reason has been given for the...

Currency depreciation affects Ghana’s Missions Abroad

Hannah Tetteh Parliament’s Select Committee on Foreign Affairs has observed that Foreign exchange fluctuations are affecting the management and administration of foreign missions abroad. The...
Mozambique

Mozambican PM cautions against politicizing depreciation of national currency

Metical continues to drop tremendously against the U.S. dollar in recent days. Speaking in the parliament, do Rosario said metical was not the only...
Ghana Cedis

First half of 2016 could be hard on Ghana Cedi – Banker

“We expect the cedi to depreciate by about 20 percent in 2016 within the first half of the year, as foreign exchange inflows are...
debt

Africa’s Debt Crisis Reccuring

During the 1970s-1990’s much attention was focused on the rising debt crisis in post-colonial Africa. Continental states after gaining national independence realized that there could be...

Cedi depreciation will give no drop in the prices of petroleum

Some industry watchers in the petroleum sector have ruled out a possible decline in the prices of petroleum products at least with the continuous...
Ghana's Gold

Ghana is suffering from developmental Kwashiorkor – Part II

? PART TWO Worst of it all is that instead of working towards their so called better Ghana Agenda which has fallen into a deep...
PPP

Vote NDC out of office in 2016 – PPP

He said the high prices of building materials, the high cost of living compounded by the unbridled corruption in virtually all spheres of...

Ex-President Kufuor Unhappy With The State Of The Cedi

Former Ghana President John Kufuor As Ghana? currency continue to depreciate against some major trading currencies such as the US dollar and the British...

Avedzi calls for more stringent measures against Cedi depreciation

Chairman of Parliament?s Finance Committee, James Avedzi, has said the rapid appreciation of the local currency, the Cedi, against major trading currencies will not...
Economic Africa

Reports indicate that economies of Sub – Saharan Africa would face harder times

The lower commodity prices, depreciation of local currencies as well as the weakening demand, have put Sub-Saharan Africa (SSA) economies under pressure, said BMI...
bank notes

Georgia Made Moderate Rise In Inflation

Georgia posted an annual inflation rate of 1.3 percent in February, slightly down from 1.4 percent in January, said the state statistics office, Geostat,...

?The Cedi Depreciation Urshered In Goodnews

Deputy Governor of the Bank of Ghana, Millison Narh, has said though the depreciation of the Cedi adversely affected the economy this year, it...

Local Banks Faulted Over Cedi Decline

Seth Adjei Baah addressing the CEOs  Chief Executive Officers (CEOs) from various private firms across the country on Wednesday converged on the Alisa Hotel...

Ghana?s Debt Jumps From GH?38.6bn to GH?62.9bn

GHANA?s Finance Minister Seth Terkper appears to be playing the blame-game with regard to the worsening economic situation in the country in the...
Wpid Andrew Awuni

Own up to responsibility of running down economy

Andrew Awuni of the Centre for Freedom and Accuracy has called on the Government of Ghana (GoG) to own up to the responsibility...

Cabinet endorses BoG cedi measures

Cabinet has concluded an interaction with the Governor of the Bank of Ghana aimed at clarifying a number of concerns arising from the Bank?s...