#cedis

Cedi’s appreciation could lead to revision of programme targets -IMF  – Nsemkeka The International Monetary Fund (IMF) has revealed that the cedi’s sharp appreciation against the US dollar in the early part of 2025 could lead to a revision of some of the fund’s programme targets with Ghana. The IMF noted that future programme reviews will provide an opportunity for the team to carefully assess…

BoG urges businesses to trade in cedis to maintain currency stability – Nsemkeka Businesses operating in Ghana have been urged to conduct their transactions in the local currency as part of broader efforts to sustain the recent appreciation and stability of the Ghanaian cedi. The Bank of Ghana believes that greater reliance on the cedi in domestic commerce will enhance public confidence in the…

BoG Governor: Cedi’s appreciation not artificially influenced – Nsemkeka The Governor of the Bank of Ghana, Dr Johnson Asiama, has dismissed claims that the Central Bank is manipulating the exchange rate to cause the recent appreciation of the Cedi. His comments come amid growing speculation following the local currency’s notable performance against major foreign currencies in recent…

Effective leadership behind Cedi’s gain – Mahama reponds to Bawumia – Nsemkeka President John Dramani Mahama has attributed the recent appreciation of the Ghanaian cedi to effective leadership and governance, countering claims by former Vice President Dr. Mahamudu Bawumia that the current administration lacks concrete policies influencing the currency’s performance. Speaking to members of the…

Effective leadership, not policy, behind Cedi’s gain – Mahama reponds to Bawumia – Nsemkeka President John Dramani Mahama has attributed the recent appreciation of the Ghanaian cedi to effective leadership and governance, countering claims by former Vice President Dr. Mahamudu Bawumia that the current administration lacks concrete policies influencing the currency’s performance. Speaking to…

Cedi’s strong performance must reflect in prices – Joyce Bawah tells businesses – Nsemkeka Ghana’s cedi has surged to global prominence, emerging as the world’s best-performing currency after appreciating by nearly 16% against the US dollar since April 2025, according to Bloomberg. Amid this resurgence, Joyce Bawah Mogtari, Special Aide to former President John Dramani Mahama, has urged the…

‘Cedi’s rally isn’t a blip, but it’s not sustainable,’ says Prof Bokpin – Nsemkeka Economist Professor Godfred Alufar Bokpin has dismissed suggestions that the recent strengthening of the cedi is a mere blip. He, however, warns that without deeper structural reforms and a clear stabilisation policy, the gains may not last. “This is not accidental,” he said. “From the 2025 budget, you can clearly…

Fuel prices to witness biggest drop of 8% today May 16 due to cedi’s appreciation – Nsemkeka Prices of the petroleum products are set to witness the biggest drop at the pumps today May 16, 2025. This is according to the Chamber of Oil Marketing Companies (COMAC) Pricing Outlook for the second pricing window for the month of May 2025. Price quotes for various products  According to the pricing…