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 …
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Ghanaian entrepreneur, Nana Kwame Bediako ( Freedom Jacob Caesar) , has said the Bank of Ghana has more daunting issues to deal with, such as solving the cedi’s depreciation, than to worry about the launch of a certain Freedom Coin. Nana Kwame, who is also known as Freedom Jacob Caesar, …
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The Ghana cedi has been classified as the worst of African currencies with the “Worst Spot Returns” by Bloomberg. Bloomberg pegs the depreciation of the cedi to the dollar at 8.86% between January 1, 2022 and February 25, 2022. It is followed by the Zambian kwacha with a depreciation of …
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The Ghana cedi has depreciated by 4.70% to the US dollar with only 45 days into the year, as pressure mounts on the local currency. This ranks it the second worst performing currency in Africa, among 15 top performing currencies. The Zambian kwacha which was one of the top performing …
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