Tag: forex market
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Cedi Strengthens to GH₵13.50 as Dollar Demand Plummets
The Ghanaian cedi surged against the US dollar on Tuesday, May 6, 2025, reaching GH₵13.50 on the interbank market by midmorning, a notable gain...
Ghana cedi depreciation is attributed to several issues
Mr Habibu Adam, an Economist, has attributed the depreciation of the cedi to the structure of the economy, allowing foreign portfolio investments into the...
Zimbabwe sets up foreign exchange market to preserve currency value
Zimbabwe on Wednesday established a foreign exchange inter-bank market to formalize trading of foreign exchange and bring stability in the forex market.
Presenting the long-awaited...
Nigeria injects US$210 million into forex market
Nigeria's apex bank on Monday intervened in the inter-bank foreign exchange market to the tune of 210 million U.S. dollars.
Spokesperson for the Central Bank...
Nigeria’s apex bank injects US$364 million into forex market
Nigeria's apex bank has intervened in the Inter-Bank market to the tune of 364 million U.S. dollars to sustain liquidity in the Foreign Exchange...
