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Advertisement London-based financial analysis firm Fitch Solutions has projected that the Cedi will regain its value by 9% by year-end against the US Dollar. In an article titled “Sub-Saharan Africa Currency Round-Up: Greater Stability Ahead in Second Half of 2024,” it is predicted that external conditions will provide more support to Sub-Saharan African currencies in … Read more
The Ghana Cedi is expected to recover some losses against the dollar in the coming months, Fitch Solutions has disclosed. According to the London-based firm, this is due to enhanced investor confidence, increased dollar inflows, and easing external conditions. In an article titled “Sub-Saharan Africa Currency Round-Up: Greater Stability Ahead in Second Half of 2024,” … Read more
Advertisement Stabilising the Cedi with the cash received from the International Monetary Fund (IMF) is not sustainable, the Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwaye has said. To him, Ghana must rely heavily on its natural sources for foreign exchange to stabilise the local currency. In order to utilise … Read more
Advertisement The Member of Parliament for Dormaa West, Vincent Oppong Asamoah has said that the strength of the Cedi is the main cause of the the increase in cement prices. To that end, he said even before the Legislative Instrument (LI) to regulate cement prices came to parliament all stakeholders should have been done to … Read more