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 approximately 1,120 GHS ...
This study examines and models a trend, and makes predictions of future rates of the cedis against the US dollar. Methodology: The study used a 13-year data of exchange rates of Ghana cedi and the US dollar spanning from 2010 to mid-2023 from the Bank of Ghana's economic data on ...