Tag: DEPRECIATION
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Understanding The Depreciation Of The Ghana Cedi
In January 2022, a dollar was somewhere around GHS7. Now a dollar has hit the GHS10 mark, officially an all time low in value...
Bloomberg Reports Cedi Depreciation of 18.21 Percent to US Dollar
The cedi recorded an 18.21% rate of depreciation to the US dollar in the first quarter of 2022, according to Bloomberg.
This still ranked the...
US$2 Billion Financing Arrangement Needed To Stem Cedi Fall
Government will in the next few weeks conclude external financing arrangement to secure US$2 billion from three international banks for liability management and to...
Danish shipping group AP Moller-Maersk’s 2nd-quarter profit triples
Danish shipping and logistics group AP Moller-Maersk said on Wednesday its second-quarter net profit almost tripled despite lower business and consumer activity during the...
I would have classified the banks into three Tiers – Mahama
Former President John Dramani Mahama has stated that if he was still in power, he would not have collapsed the banks, but would have...
