Ghana Holds Key Policy Rate Untouched for 2nd Time The Bank of Ghana left its benchmark monetary policy rate steady for a second consecutive meeting at 29% on May 27th 2024, aiming to control inflation and revamp the local currency. Ghana's annual consumer inflation eased slightly to 25% in...
Foreign Direct Investments (FDIs) also bring foreign currency into Ghana. So what causes the exchange rate instability? When we demand more dollars than we generate from both public and private sources, we put significant pressure on the cedi. It is therefore not surprising that, having spent ...
GDP growth Unemployment rate Trade balanceThe most important statistics Triennial forex daily volume with 39 different currencies 2001-2022 Monthly international payments currency share in SWIFT 2019-2024 Most traded currencies on the forex market, regardless of pairs, 2010-2022 Most traded currency pairs...
Currency (code): Ghana cedi (GHC) Currency code: GHC Exchange rates: cedis per US dollar - 0.95 (2007), 9,174.8 (2006), 9,072.5 (2005), 9,004.6 (2004), 8,677.4 (2003) Fiscal year: calendar year CommunicationsGhana Telephones - main lines in use: ...
A weaker currency depicts a "junk" economy which affects its foreign investment. As the US dollar continues to rise, the Government and policy makers must implement effective policies to stabilize its rise against the cedi. Export of commodities must increase in addition to import restrictions to ...
The exchange rate is the price measured in one’s currency of purchasing 1 unit of another country’s currency 5, 6. 2.2. Flexible Vr Fixed Exchange Rates According to Gordon 5, flexible exchange rate system- Under a ‘pure’ version of the flexible exchange rate system, an outflow of a...
havespurredreversalofcapitalflowsandvolatilityincurrencyandequitymarketsacrossmanyemerginganddevelopingcountries.ThefalloutshavebeenmostsevereincountriessuchasTurkey,Argentina,Indonesia,India,Malaysia,andSouthAfrica.2.ForthemonthofJanuary,theTurkishLiradepreciatedby7.2percentagainstthedollar,theArgentinaPesofellby10.4...
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This paper explores the dynamic inter-relationships among the currency exchange rate, consumer price inflation, and real output growth, as well as the roles of money and interest rates in output and price determination. Time series data and vector autoregression models are used. Results suggest ...
post on the current Ghana Cedis To Naira exchange rate today. Foreign currency exchange rates are not stable and one would need to check for updates frequently as changes occur. The Cedis to Naira exchange rate today is 1 Ghanian Cedi GHC is equivalent to Nigerian Naira NGN {Official Rate}....