{"id":1227240,"date":"2022-10-18T05:04:31","date_gmt":"2022-10-18T05:04:31","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/10\/18\/ghana-cedi-worst-performer-against-the-dollar-in-2022-bloomberg\/"},"modified":"2022-10-18T05:04:31","modified_gmt":"2022-10-18T05:04:31","slug":"ghana-cedi-worst-performer-against-the-dollar-in-2022-bloomberg","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/10\/18\/ghana-cedi-worst-performer-against-the-dollar-in-2022-bloomberg\/","title":{"rendered":"Ghana cedi worst performer against the dollar in 2022 &#8211; Bloomberg"},"content":{"rendered":"<p><\/p>\n<div>\n<h2>The Ghana cedi has become the world\u2019s worst-performing currency after it lost 45.1 per cent of its value to the US dollar this year.<\/h2>\n<p>According to Bloomberg, Ghana&#8217;s currency depreciated 3.3 per cent today to 11.2750 per dollar.<\/p>\n<p>The media company said the cedi\u2019s poor performance against the dollar was the worst among 148 currencies that it was tracking.<\/p>\n<p>The cedi has switched positions with the Sri Lankan rupee, which is now the second worst performer with a 44.7 per cent drop to the dollar this year.<\/p>\n<p>In July this year, Ghana started engaging with the International Monetary Fund (IMF) for a bailout to restore macro-economic stability.<\/p>\n<p>Ghana is hoping to receive up to $3 billion in loans for over three years under the IMF arrangement to boost its finances and support the balance of payments.<\/p>\n<p>Apart from the Ghanaian cedi, other African currencies that have depreciated rapidly against the dollar in recent months include Nigeria\u2019s naira and South Africa\u2019s rand.<\/p>\n<\/div>\n<p><script type=\"5d4356289e8a48a198276d1c-text\/javascript\">\n!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;\nn.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,\ndocument,'script','https:\/\/connect.facebook.net\/en_US\/fbevents.js');\nfbq('init', '771749920311523', {}, {agent: 'pljoomla'});\nfbq('track', 'PageView');\n<\/script><script type=\"5d4356289e8a48a198276d1c-text\/javascript\">(function(d, s, id) {\n\t\t\t\t  var js, fjs = d.getElementsByTagName(s)[0];\n\t\t\t\t  if (d.getElementById(id)) return;\n\t\t\t\t  js = d.createElement(s); js.id = id;\n\t\t\t\t  js.src=\"https:\/\/connect.facebook.net\/en_GB\/all.js#xfbml=1&appId=342494502508165\";\n\t\t\t\t  fjs.parentNode.insertBefore(js, fjs);\n\t\t\t\t}(document, 'script', 'facebook-jssdk'));<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ghana cedi has become the world\u2019s worst-performing currency after it lost 45.1 per cent of its value to the US dollar this year. According to Bloomberg, Ghana&#8217;s currency depreciated 3.3 per cent today to 11.2750 per dollar. The media company said the cedi\u2019s poor performance against the dollar was the worst among 148 currencies [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1227242,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[1579,672,4219,85,21362,2552],"class_list":["post-1227240","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bloomberg","tag-cedi","tag-dollar","tag-ghana","tag-performer","tag-worst"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1227240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1227240"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1227240\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1227240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1227240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1227240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}