Ghanaian Cedi fell by 72% in 10 months
Ghana is battling debt, 20-year-high inflation, a weak currency, and rising inequality. In August 2022, inflation increased to 33.9% from ...
Ghana is battling debt, 20-year-high inflation, a weak currency, and rising inequality. In August 2022, inflation increased to 33.9% from ...
The Ghanaian cedi has dropped by a whopping 47.10% against the US dollar since the start of the year.
The drop in the Cedi comes despite Ghana’s central bank's hawkish stance to stamp out inflation.
Ghana's inflation rate hit its highest level in more than a decade, according to March figures.
The Nigerian currency rose against the Ghanaian Cedi in the first quarter of 2022, despite Ghana's central bank raising interest ...