In 2023, one U.S. dollar was forecast to be exchanged for 11.2 Ghanaian cedis (GHS), on average. In the previous year, the rate was estimated at 8.4 GHS, up from 5.6 GHS in 2020. By the steadily increasing exchange rate, a person with 100 U.S. dollars was expected to receive appr...
Exchange rate volatility or its stability is a key determinant of the state of a country's economy. The Ghana cedi's performance against the US dollar in recent times has been the worse in the past decade. This has resulted in high inflation, high cost of living and high cost of ...
Exchange rates are the rate at which a currency is exchanged for another. It is also the value of one currency in relation to another. The amount of one currency you will have to pay in other to get another currency is the exchange rate. Example: how much Naira will you have to pay ...