3 d. ago Cedi’s Rise Squeezes Cocoa Farmers Despite Global Price Surge

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cedis-rise-squeezes-cocoa-farmers-despite-global-price-surge/Ghana’s currency appreciation is delivering mixed blessings for its vital cocoa sector. While the cedi’s 40% gain this year bolsters national economic stability, it has sharply limited local benefits from soaring global cocoa prices. Farmers recently learned their produce will fetch only 4% more in cedis this season, despite international prices jumping over 60% in […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cedis-rise-squeezes-cocoa-farmers-despite-global-price-surge/

Politics

7 d. ago Scholar Urges Diaspora to Maintain Remittances Despite Strong Cedi

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/scholar-urges-diaspora-to-maintain-remittances-despite-strong-cedi/Ghanaian governance advocate Professor Stephen Kwaku Asare, widely known as Kwaku Azar, has issued a passionate appeal to citizens abroad after Bank of Ghana data revealed remittance inflows plunged nearly 50% amid the cedi’s sharp appreciation. The currency has gained over 40% against the dollar this year, causing some diasporans to delay sending money over […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/scholar-urges-diaspora-to-maintain-remittances-despite-strong-cedi/

Politics

7 d. ago Ghana Builders Demand Price Relief as Cement Costs Defy Cedi Gains

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-builders-demand-price-relief-as-cement-costs-defy-cedi-gains/Ghana’s real estate developers report home sales remain 60% below pre-pandemic levels, with stubbornly high building material prices now crippling recovery. GREDA President Dr. James Orleans-Lindsay told the B&FT the sector faces a “fresh challenge” despite broader economic rebounds, stating: “Realtors are still in the woods.” Cement prices hover between GH¢105–118 nationwide despite the cedi’s […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-builders-demand-price-relief-as-cement-costs-defy-cedi-gains/

Economics

9 d. ago Cedi Strength Caps Cocoa Farmer Gains Despite 63% Global Price Surge

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cedi-strength-caps-cocoa-farmer-gains-despite-63-global-price-surge/Ghana’s cocoa farmers will receive only a 4.2% increase in local currency earnings for the new season despite a 62.6% dollar-denominated price jump to $5,040 per tonne, as the cedi’s appreciation blunts the global windfall. The revised rate of GH¢3,228.75 per 64kg bag effective August 7 contrasts sharply with farmer expectations, as a stronger cedi […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cedi-strength-caps-cocoa-farmer-gains-despite-63-global-price-surge/

Politics

1 week ago Cedi’s recent gains will hold through 2025, 2026, but gold prices decline is a threat – Fitch Solutions

“A hypothetical decline in gold prices, which could potentially be triggered by a sudden easing of geopolitical tensions, would quickly erode Ghana’s export earnings, push the current account back into deficit, and undermine reserve adequacy.”

Events

1 week ago MultiChoice responds to criticism over DStv prices, says fee cuts ‘not tenable’ despite cedi gains

Pay-TV giant MultiChoice has pushed back against recent criticisms from Communications Minister, Samuel Nartey George, over the pricing of DStv services in the country.

Culture

3 w. ago Cedi Gains 42.6% Against Dollar in 2025, Easing Import Costs

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cedi-gains-42-6-against-dollar-in-2025-easing-import-costs/Ghana’s currency has strengthened significantly against the US dollar this year, with the Bank of Ghana (BoG) reporting a 42.6% appreciation by mid-2025. Central bank data attributes this rebound to strong gold and cocoa export revenues, sustained remittance flows, and improved investor confidence reinforced by fiscal discipline. The cedi’s recovery has reduced exchange costs for […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cedi-gains-42-6-against-dollar-in-2025-easing-import-costs/

Politics

4 w. ago Cedi to remain broadly stable in coming months; gained 30% against dollar since January 1

The Ghana cedi is anticipated to remain broadly stable in the coming months. According to Fitch Solutions, this reflects robust external buffers, with international reserves having risen to a near-record US$7.9 billion in April 2025, equivalent to around 4.0 months of import cover. The UK-based firm also said that the build-up in reserves has been […]

Politics