Bank of Ghana Exchange Rate
The exchange rate between the US dollar (USD) and the Ghanaian cedi (GHS) is pivotal in Ghana’s economic landscape. This rate influences everything from international trade and foreign investments to everyday
Insufficient Forex Allocation for Naira Depreciation
The Nigerian economy has been suffering issues as the Naira has depreciated versus major foreign currencies. One of the primary causes of this problem is the Central Bank of Nigeria’s (CBN) inadequate currency allocation
Introduction and updates to the Ghanaian Currency
The Ghanaian Cedi, represented by the ISO code “GHS” and the sign “₵,” is the country’s currency. The history of the national currency intertwines with the political and economic histories of Ghana. Gaining knowledge of the Ghanaian currency’s history, characteristics, and present state helps
Ghana’s Currency Challenges and Developments
Ghana, a country located in West Africa with a population of approximately 34.8 million as of 2018. The country has been facing significant challenges regarding its currency, the Ghanaian cedi. The currency depreciation and its impact on the economy have been