Cedi Reduces Year-to-Date Loss to Dollar by 7.50% on Retail Market; GH¢13.60 Now Equals One Dollar
The Ghana cedi narrowed its year-to-date loss to the US dollar to about 7.50% on the retail market after making some gains against the US dollar and the other major foreign currencies last week.
This follows the inflow of $300 million from the World Bank and some remittances during the Easter holidays. A week before, it had lost about 8.15% to the American greenback.
The inflows helped to ease the depreciating pressure on the local currency.
The Bank of Ghana consequently improved its selling activity on the spot market, supporting the cedi against the major trading currencies.
Last week, the local unit gained 0.56% week-on-week against the dollar, closing at a mid-rate of GH¢13.43 (Selling: GH¢13.60). Similarly, the cedi gained 1.51% and 0.35% week-on-week against the pound and the euro on the retail market.
The International Monetary Fund Mission Team arrived in Ghana to evaluate the progress made by Ghana regarding the Fund-support programme. The review commenced last week and is expected to last two weeks.
A successful review will pave the way for a third tranche disbursement of $360 million under the $3 billion Extended Credit Facility (ECF).
Analysts believe a successful review will boost market sentiments around the cedi and help curb speculative activities.
Cedi ended 2023 with a depreciation of 15.57% to dollar
The cedi lost ended 2023 with a year-to-date depreciation of 15.57% to the US dollar in the retail market.
On the interbank market, the local currency lost about 27.81% in value to the dollar.
However, Bloomberg did not classify it in the ‘Best Spot Returns’ or ‘Worst Spot Returns’ category.
Source: Joy News
I have been surfing online more than 3 hours today yet I never found any interesting article like yours It is pretty worth enough for me In my opinion if all web owners and bloggers made good content as you did the web will be much more useful than ever before
The enthusiasm I have for your work matches your own. Your visual presentation is refined, and the content you’ve authored is of a high caliber. Nevertheless, you appear to be uneasy about the possibility of delivering something that may cause unease. I agree that you’ll be able to address this concern promptly.
certainly like your website but you need to take a look at the spelling on quite a https://brazz.org/ few of your posts. Many of them are rife with spelling problems and I find it very troublesome to inform the reality nevertheless I will definitely come back again.
Fantastic site. Lots of helpful information here. I am sending it to some friends free brazzers videos https://brazzers.pw/
Fantastic site A lot of helpful info here Im sending it to some buddies ans additionally sharing in delicious And naturally thanks on your sweat
What i do not understood is in truth how you are not actually a lot more smartlyliked than you may be now You are very intelligent You realize therefore significantly in the case of this topic produced me individually imagine it from numerous numerous angles Its like men and women dont seem to be fascinated until it is one thing to do with Woman gaga Your own stuffs nice All the time care for it up
Your blog is a breath of fresh air in the often stagnant world of online content. Your thoughtful analysis and insightful commentary never fail to leave a lasting impression. Thank you for sharing your wisdom with us.
Magnificent beat I would like to apprentice while you amend your site how can i subscribe for a blog web site The account helped me a acceptable deal I had been a little bit acquainted of this your broadcast offered bright clear idea
Normally I do not read article on blogs however I would like to say that this writeup very forced me to try and do so Your writing style has been amazed me Thanks quite great post
Normally I do not read article on blogs however I would like to say that this writeup very forced me to try and do so Your writing style has been amazed me Thanks quite great post
Just wish to say your article is as surprising The clearness in your post is just cool and i could assume youre an expert on this subject Fine with your permission allow me to grab your RSS feed to keep updated with forthcoming post Thanks a million and please keep up the enjoyable work
Eu acredito que todas as idéias que você apresentou para sua postagem são realmente convincentes e certamente funcionarão. No entanto, as postagens são muito curtas para novatos. Você pode, por favor, alongá-las um pouco nas próximas vezes. Obrigado pela postagem
Its like you read my mind You appear to know so much about this like you wrote the book in it or something I think that you can do with a few pics to drive the message home a little bit but instead of that this is excellent blog A fantastic read Ill certainly be back
Obrigado, há muito tempo que procuro informações sobre este assunto e a sua é a melhor que descobri até agora. Mas e em relação aos resultados financeiros Você tem certeza em relação ao fornecimento
Your passion for your subject matter shines through in every post. It’s clear that you genuinely care about sharing knowledge and making a positive impact on your readers. Kudos to you!
Hi i think that i saw you visited my web site thus i came to Return the favore I am attempting to find things to improve my web siteI suppose its ok to use some of your ideas
Nice blog here Also your site loads up fast What host are you using Can I get your affiliate link to your host I wish my web site loaded up as quickly as yours lol
Nice blog here Also your site loads up fast What host are you using Can I get your affiliate link to your host I wish my web site loaded up as quickly as yours lol
you are truly a just right webmaster The site loading speed is incredible It kind of feels that youre doing any distinctive trick In addition The contents are masterwork you have done a great activity in this matter
Hello my loved one I want to say that this post is amazing great written and include almost all significant infos I would like to look extra posts like this
What i do not realize is in fact how you are no longer actually much more wellfavored than you might be right now Youre very intelligent You recognize thus considerably in relation to this topic made me in my view believe it from numerous numerous angles Its like men and women are not fascinated until it is one thing to do with Lady gaga Your own stuffs excellent All the time handle it up
Thanks I have just been looking for information about this subject for a long time and yours is the best Ive discovered till now However what in regards to the bottom line Are you certain in regards to the supply
At BWER Company, we specialize in weighbridge solutions tailored to Iraq’s diverse industries, ensuring accurate weight management, efficient operations, and compliance with international quality standards.
Simply wish to say your article is as amazing The clearness in your post is just nice and i could assume youre an expert on this subject Well with your permission let me to grab your feed to keep updated with forthcoming post Thanks a million and please carry on the gratifying work
Wonderful web site Lots of useful info here Im sending it to a few friends ans additionally sharing in delicious And obviously thanks to your effort
Fantastic site A lot of helpful info here Im sending it to some buddies ans additionally sharing in delicious And naturally thanks on your sweat
**breathe**
breathe is a plant-powered tincture crafted to promote lung performance and enhance your breathing quality.