{"id":736251,"date":"2022-01-05T15:21:14","date_gmt":"2022-01-05T15:21:14","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/01\/05\/performance-of-africa-currencies-in-2021-see-the-ghana-cedi-position\/"},"modified":"2022-01-05T15:21:14","modified_gmt":"2022-01-05T15:21:14","slug":"performance-of-africa-currencies-in-2021-see-the-ghana-cedi-position","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/01\/05\/performance-of-africa-currencies-in-2021-see-the-ghana-cedi-position\/","title":{"rendered":"Performance Of Africa Currencies In 2021, See The Ghana Cedi Position"},"content":{"rendered":"<p><\/p>\n<div>\n<article>\n<p><img decoding=\"async\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/01\/c4e64dadfc6f47e7be18b0968846b60b\"\/><\/p>\n<p>Early this afternoon, Joy News reports on how the American Global Economic Agency &#8211; Bloomberg surveyed the performance of Africa currencies on the World market, and what they come up with was a bit shocking as the Ghana Cedi hits the 14th position with the worst spot returns in 2021.<\/p>\n<p>Per the reports, it was revealed that only seven Africa currencies had the best spot returns as of 201.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/01\/46b460e01475414e9181b6962042bde4\"\/>Thus the Zambian Kwacha takes the 1st position with 26.74% spot returns as of 2021 followed by Angola Kwanza 17.61%, Mozambique New Metical 16.76%, Guinea Franc 7.24%, Uganda Shilling 3.09%, Tanzania Shilling 0.61%, and Egyptian pound 0.15%.<\/p>\n<p>Per the reports also, it was revealed that the local currency which is the Ghana Cedi didn&#8217;t do well in value as they lost 4.98% against the US dollar in 2021.<\/p>\n<p>Although being ranking 3rd in West Africa, in terms of performance, the Cedi hits the 14th position with the worst spot returns of -4.98% in Africa despite a rebound in oil prices, improved exports, impressive run during the first half of the year and amongst others.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/01\/ee7491639e6e444b94a58be90759f15b\"\/><\/p>\n<p><strong style=\"color: rgba(0, 0, 0, 0.87);\">So the question asked, is there any promising future for local currency?.<\/strong><\/p>\n<p><strong>Terms Definition<\/strong>:<\/p>\n<p>Spot Returns refers to the returns price of a security or commodity at which it sold for a period.<\/p>\n<p><strong>Source<\/strong>: Joy News<\/p>\n<p>Content created and supplied by: HonEhEs (via  Opera<br \/>\nNews )<\/p>\n<\/article>\n<p class=\"copyright hide\">\n<span class=\"content\">    ,  .   ,     .       () , , , , , , , , .      \/ ,  and\/or  .     ,  , and\/or  ,      and\/or     <\/span><br \/>\n<span class=\"see-more\"><\/span>\n<\/p>\n<section class=\"tags\">\nGhana<br \/>\nGhana Cedi<br \/>\nMozambique<br \/>\nTanzania<br \/>\nZambian<br \/>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Early this afternoon, Joy News reports on how the American Global Economic Agency &#8211; Bloomberg surveyed the performance of Africa currencies on the World market, and what they come up with was a bit shocking as the Ghana Cedi hits the 14th position with the worst spot returns in 2021. Per the reports, it was [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":736252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-736251","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-stories"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/736251","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=736251"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/736251\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=736251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=736251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=736251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}