Tag Archives: Cedi depreciation

Fuel prices are expected to increase in the next pricing window as the cedi continues to depreciate against the US dollar and international crude oil prices record significant gains, potentially ending January’s run of pump price reductions. If the projected adjustments take effect, it will mark the first fuel price …

The cedi recorded an 18.21% rate of depreciation to the US dollar in the first quarter of 2022, according to Bloomberg. This still ranked the local currency as the worst among African currencies with the “Worst Spot Returns”. However, for the timely intervention by the Bank of Ghana, the situation …