50 h. ago Ghana’s Cedi Surge Masks Underlying Economic Fault Lines, Analysts Warn

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-cedi-surge-masks-underlying-economic-fault-lines-analysts-warn/Ghana’s currency has staged a remarkable comeback this year, strengthening by over 42% against the US dollar in the first half of 2025. This marks the strongest performance of any major currency in sub-Saharan Africa, bringing a welcome sense of stability after prolonged turbulence. Financial analysts at Emerging Markets Advisory point to a confluence of […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-cedi-surge-masks-underlying-economic-fault-lines-analysts-warn/

Events

50 h. ago Digital Cedi Backed By Gold, Cocoa Proposed to Boost Stability

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/digital-cedi-backed-by-gold-cocoa-proposed-to-boost-stability/Ghana could anchor a future digital currency to its gold and cocoa reserves, creating a more stable foundation for monetary policy and reducing reliance on foreign financial systems, according to Professor Yegandi Imhotep Paul Alagidede, the Bank of Ghana Chair in Finance and Economics at the University of Ghana. Speaking at the launch of his […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/digital-cedi-backed-by-gold-cocoa-proposed-to-boost-stability/

Politics

68 h. ago Backing cedi with resources like gold and cocoa will ensure long

Professor Yegandi Imhotep Paul Alagidede, the newly appointed Bank of Ghana Chair in Finance and Economics at the University of Ghana, has proposed that backing the cedi with strategic national resources such as gold and cocoa could deliver long-term currency stability.

Politics

5 d. ago Economist Slams MultiChoice’s “Mathematically Impossible” Cedi Claim

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/economist-slams-multichoices-mathematically-impossible-cedi-claim/Ghana’s pay-TV giant MultiChoice faces intense scrutiny after an economist debunked its claim that the cedi depreciated 240% since 2017 a figure dismissed as “palpably false and mathematically impossible.” Dr. John Kwakye, Director of Research at the Institute of Economic Affairs (IEA), challenged the company’s justification for refusing to reduce subscription prices despite government pressure. […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/economist-slams-multichoices-mathematically-impossible-cedi-claim/

Politics

5 d. ago Ghana’s Cedi Surge Masks Underlying Weaknesses, Warns Advisory

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-cedi-surge-masks-underlying-weaknesses-warns-advisory/Ghana’s cedi has staged one of Africa’s sharpest recoveries this year, soaring 42.6% against the US dollar since January but analysts caution this strength rests on fragile, temporary pillars. A new report by economic consultancy EM Advisory reveals the rally, which also saw gains of 30.3% against the British pound and 25.6% against the euro, […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-cedi-surge-masks-underlying-weaknesses-warns-advisory/

Events

6 d. ago Ghana Fixed Income Market Sees Heavy Trading in Government Securities

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghana-fixed-income-market-sees-heavy-trading-in-government-securities/Ghana’s fixed income market recorded robust activity in government bonds and treasury bills on Thursday, dominated by large-volume trades in sovereign debt instruments. A 2027 Government of Ghana bond led transactions with 125 million cedis traded, reflecting sustained institutional interest amid declining yields. Treasury bills followed closely with a 50.4 million cedi block trade in […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghana-fixed-income-market-sees-heavy-trading-in-government-securities/

Politics

6 d. ago Ghana Postpones Currency Anniversary After Ministerial Deaths in Helicopter Crash

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-postpones-currency-anniversary-after-ministerial-deaths-in-helicopter-crash/The Bank of Ghana has indefinitely postponed the national launch of its “Cedi@60” anniversary celebrations following a devastating military helicopter crash that killed eight people, including two senior government ministers. The event was originally scheduled for Friday, August 8. This decision aligns with a three-day period of national mourning declared by President John Mahama, running […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-postpones-currency-anniversary-after-ministerial-deaths-in-helicopter-crash/

Events

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

7 d. ago Ghana Central Bank Slashes Policy Rate in Surprise Move Amid Economic Shifts

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-slashes-policy-rate-in-surprise-move-amid-economic-shifts/The Bank of Ghana has cut its benchmark Monetary Policy Rate by 300 basis points to 25%, defying market expectations in a decisive shift toward stimulating growth. Five of six Monetary Policy Committee members backed the aggressive reduction, citing plunging inflation (13.7% in June from 23.8% in December 2024), a 40.7% year-to-date cedi surge, and […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-slashes-policy-rate-in-surprise-move-amid-economic-shifts/

Events

7 d. ago Ghana Business Confidence Soars Despite Output Dip as Cedi Strengthens

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghana-business-confidence-soars-despite-output-dip-as-cedi-strengthens/Ghana’s private sector slashed selling prices at the second-fastest pace on record in July, capitalizing on a historic drop in purchase costs driven by the cedi’s sharp appreciation. The S&P Global Ghana Purchasing Managers’ Index (PMI) edged down to 50.2 from June’s 51.3, signaling near-stagnation and the weakest improvement in six months. Paradoxically, business optimism […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghana-business-confidence-soars-despite-output-dip-as-cedi-strengthens/

Politics

9 d. ago Cedi posts mixed performance over past two weeks; one dollar equals GH¢11.90 at forex bureaus

The Ghana cedi posted mixed performance over the past two weeks, weakening slightly on the interbank market while posting modest gains across retail channels. It closed at GH¢10.50 to one US dollar on the interbank market, down 0.67% over the two-week period. In the retail market, the local currency remained stable at GH¢11.90, recording a […]

Politics

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 Ghana Faces Fiscal Pressure as Strong Cedi Cuts Key Revenues, Deloitte Warns

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-faces-fiscal-pressure-as-strong-cedi-cuts-key-revenues-deloitte-warns/Ghana’s significant currency appreciation is creating substantial revenue shortfalls that threaten fiscal stability, prompting Deloitte Ghana to urge immediate government action. The professional services firm warns that while the cedi’s 42.6% surge against the US dollar benefits consumers, it severely impacts dollar-denominated revenue streams vital to national finances. Deloitte’s mid-year budget review reveals robust performance […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-faces-fiscal-pressure-as-strong-cedi-cuts-key-revenues-deloitte-warns/

Events

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

3 w. ago Threat to cedi’s legitimacy isn’t inflation but erosion of public trust – BoG Governor

Speaking at the ABSA-UPSA Quarterly Banking Roundtable on Thursday, July 17, Dr Asiama stated that over the past six decades, the cedi has born witness to Ghana's economic highs and lows.

Events

3 w. ago Cedi can rival dollar if Ghanaians restore trust, says BoG governor

Bank of Ghana Governor Dr. Johnson Asiama says the cedi can be as strong as any global currency if Ghanaians commit to restoring trust and value in it.

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

4 w. ago Cedi must lead Ghana’s economy – BoG to clamp down on dollar transactions

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has underscored the urgent need to safeguard the cedi’s dominance in Ghana’s economy and crack down on the increasing normalisation of foreign currency pricing in domestic transactions. Speaking at a financial sector engagement, Dr Asiama issued a clear warning against the creeping trend of […]

Politics

4 w. ago Cedi appreciation due to strengthened economic fundamentals – BoG Governor

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has credited the recent appreciation of the Ghanaian cedi to four key economic pillars, highlighting improved policy coordination and renewed investor confidence as instrumental to the currency’s stability.

Politics