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Tag Archives: cedi

$1m per Constituency initiative to begin as MoF grants letters of commencement

The Ministry of Finance (MoF) has granted letters of commencement to the three development authorities to commence the full implementation of the $1-million per Constituency pledge under the Infrastructure for Poverty Eradication Programme (IPEP) for the 2020 fiscal year. The commencement certificate makes available GH¢1.66 billion (equivalent of $320 million) …

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Cedi to hit GHC 6.50:$1 by 2023 – EIU

The Economist Intelligence Unit (EIU) has predicted that the Ghana Cedi will hit GHS6.50 to US$1 by 2023. This was contained in EIU’s country report on Ghana which was released on 13 May 2019. According to data from Bloomberg, the cedi has fallen by 7.3% as of Thursday, 16 May …

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I nearly cried due to the cedi depreciation but let’s give Nana Addo time – Sister Derby

Ghanaian songstress, Sister Derby, has recounted how she travelled recently and nearly wept due to the depreciation of the Ghanaian cedi to the U.S dollar. According to the “Kakalika Love” singer, she is also affected by the hardship Ghanaians are complaining about under Akufo-Addo led government and she felt it …

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