Cedi Begins Losing Streak – GN Research
Ghana’s currency, the Cedi is likely to record high levels of depreciation during the year if the government does not clearly come out with a policy to manage the situation. In January the Cedi...
Tag: Foreign exchange market
Cedi Begins Losing Streak
Ghana’s currency, the Cedi is likely to record high levels of depreciation during the year if the government does not clearly come out with a policy to manage the situation. In January the Cedi...
Cedi’s Strength Shows Health of Economy- Prof. Bokpin
Economist and Head of Finance at the University of Ghana Business School, Professor Godfred Alufar Bokpin has attributed the cedi’s fall to the weak fundamentals of the economy. According to him,...
Budget Gave Clear Policy To Tackle Falling Cedi
New Patriotic Party (NPP) Member of Parliament for Ofoase-Ayirebi, Kojo Oppong-Nkrumah, has rubbished claims that Akufo-Addo administration’s maiden budget statement did not have plans to tackle...
Hebron Financial Investment Halts Online Trading Business
Hebron Financial Investment Limited has halted its online forex trading following the Bank of Ghana’s decision to stop the operations of the company. The central bank, on Tuesday announced it had...
We Don’t Need License To Trade Forex Online
The management of Hebron Financial Investment Limited has responded to the Bank of Ghana's statement announcing it has closed their operations for not having a license. In a rejoinder, the Chief...
Trade Deficit Threat To National Security
The Trump administration's top trade advisor said Monday US trade deficits are a threat to national security that could cause the loss of American freedom and prosperity. Outlining an...
NPP’s Negativity To Blame For Cedi Depreciation – Ricketts-Hagan
A former Deputy Minister of Finance with the Mahama administration, Kweku Ricketts-Hagan, has blamed the Akufo-Addo government for the fast depreciation of the cedi against some major trading...
NPP’s Negativity To Blame For Cedi Depreciation
A Deputy Minister of Finance with the Mahama administration, Kweku Ricketts-Hagan, has blamed the Akufo-Addo government for the fast depreciation of the cedi against some major trading currencies....
NPP’s Negativity To Blame For Cedi’s Depreciation
A Deputy Minister of Finance with the Mahama administration, Kweku Ricketts-Hagan, has blamed the Akufo-Addo government for the fast depreciation of the cedi against some major foreign currencies....
Cedi’s Troubles Deepen, Expected To Continue Into March
The cedi’s current poor performance against the dollar is expected to run into the second quarter of 2017. This is the prediction coming in from some currency analysts. Almost three months into...
BoG Expects Cedi To Stabilise Against Major Currencies By End of March
The Central Bank says it expects the cedi to stabilise against major international currencies especially the dollar by the end of March this year. Market analysts have said the cedi has depreciated...
South Africa’s Rand Currency ‘rigged By Banks’
Local and international banks have been accused of rigging the price of South Africa's currency, the rand, by the country's competition watchdog. Global giants Barclays, JP Morgan and HSBC are among...
Banks ‘fixed Prices For SA Rand’
Local and international banks have been accused of rigging the price of South Africa’s currency, the rand, by the country’s competition watchdog. Global giants Barclays, JP Morgan and HSBC are...
Cedi Seen Wobbling In First Quarter
The cedi is expected to continue to wobble in the first quarter of the year as demand pressure increases, although analysts believe the instability will be short-lived. From November to now, the cedi...
Dollar Heads For Fourth Weekly Fall Ahead of Payrolls
The dollar inched fractionally higher on Friday, as it limped toward U. S. jobs data facing its fourth straight weekly fall in what has already been its worst start to a year in three decades. The...
Dollar Struggles After Worst Start To Year In Decades
The dollar recovered a little ground on Wednesday after recording its worst start to the year in three decades on concerns the United States was poised to ditch its two-decade-old "strong dollar"...
BoG Justifies $120m Auction
The Bank of Ghana has defended its $120million auction for the first-quarter of this year to control the depreciation of the cedi. The central bank maintained that the move forms part of measures to...
Bank of Ghana To Auction $120 Million To Help Stabilise Cedi
The Bank of Ghana (BoG) has announced plans to release some $120 million onto the market for the first quarter of this year as part of the Central Bank’s plan to help stabilise the cedi. The...
US Charges Three Foreign Exchange Traders
Prosecutors in the US have accused three former currency traders at major banks of trying to rig foreign exchange (forex) rates in the banking industry. The three are Richard Usher, Rohan Ramchandani...