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Special Report: Ghana’s Bumpy Road To Economic Recovery
In the last month of 2022, Ghana’s cedi was reported as the best-performing currency in the world, signalling a significant recovery for the West African country that suffered severe economic downturns throughout 2022. According to a report by Bloomberg, the Cedi rose by 10% in December, the biggest advance among about 150 currencies tracked by…
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Ghanaian Cedis Depreciates Against US Dollar At 8.86%
A Bloomberg report has pegged Ghanaian cedis the worst-performing currency among Africa’s top currencies following its second depreciation in 2022. Ghanaian Cedis dropped by 8.86% to the dollar between January 1, 2022, and February 25, 2022, presently trading at ¢6.60 to one US dollar on the forex market. Analysts have blamed the low performance of…