{"id":55436,"date":"2023-04-06T22:40:08","date_gmt":"2023-04-06T22:40:08","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/04\/06\/cedi-gain-lower-local-demand-for-dollar-is-among-the-likely-reasons-joe-jackson\/"},"modified":"2023-04-06T22:40:08","modified_gmt":"2023-04-06T22:40:08","slug":"cedi-gain-lower-local-demand-for-dollar-is-among-the-likely-reasons-joe-jackson","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/04\/06\/cedi-gain-lower-local-demand-for-dollar-is-among-the-likely-reasons-joe-jackson\/","title":{"rendered":"Cedi gain: Lower local demand for Dollar is among the likely reasons &#8211; Joe Jackson"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"470\" height=\"324\"  alt=\"\" title=\"joe jackson\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/04\/joe-jackson-1.jpg\" data- class=\"entry-thumb lazyload\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"470\" height=\"324\" class=\"entry-thumb\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/04\/joe-jackson-1.jpg\"   alt=\"\" title=\"joe jackson\"\/><\/noscript><figcaption class=\"wp-caption-text\">Joe Jackson is Financial Analyst <\/figcaption><\/figure>\n<\/div>\n<p><strong>Chief Operations Officer at Dalex Finance Mr Joe Jackson has stated the likely reasons for the Cedi\u2019s remarkable performance against the Dollar lately.<\/strong><\/p>\n<p>The Ghana Cedi is buying at 10.9245 to a dollar and selling at 10.9355 as of today Thursday, April 6, according to the Interbank forex rates from the Bank of Ghana (BoG).<\/p>\n<blockquote data-service=\"twitter\" data-category=\"marketing\" data-placeholder-image=\"https:\/\/3news.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/twitter-minimal.jpg\" class=\"cmplz-placeholder-element twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Coming up on <a href=\"https:\/\/twitter.com\/hashtag\/News360?src=hash&amp;ref_src=twsrc%5Etfw\">#News360<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/3NewsGH?src=hash&amp;ref_src=twsrc%5Etfw\">#3NewsGH<\/a> <a href=\"https:\/\/t.co\/GOCeKaGmCb\">pic.twitter.com\/GOCeKaGmCb<\/a><\/p>\n<p>\u2014 #TV3GH (@tv3_ghana) <a href=\"https:\/\/twitter.com\/tv3_ghana\/status\/1644048662727884800?ref_src=twsrc%5Etfw\">April 6, 2023<\/a><\/p>\n<\/blockquote>\n<p>At a forex bureau in Accra, the dollar is being bought at a rate of 10.30 and sold at a rate of 11.30.<\/p>\n<p>Against the Pound Sterling, the Cedi is trading at a buying price of 13.6120 and a selling price of 13.6267.<\/p>\n<blockquote data-service=\"twitter\" data-category=\"marketing\" data-placeholder-image=\"https:\/\/3news.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/twitter-minimal.jpg\" class=\"cmplz-placeholder-element twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bank of Ghana Exchange Rates <a href=\"https:\/\/t.co\/YJfBVQ9tIz\">pic.twitter.com\/YJfBVQ9tIz<\/a><\/p>\n<p>\u2014 Bank of Ghana (@thebankofghana) <a href=\"https:\/\/twitter.com\/thebankofghana\/status\/1643924657895006209?ref_src=twsrc%5Etfw\">April 6, 2023<\/a><\/p>\n<\/blockquote>\n<p>At a forex bureau in Accra, the pound sterling is being bought at a rate of 13.40 and sold at a rate of 14.40.<\/p>\n<p>The Euro is trading at a buying price of 11.9278 and a selling price of 11.9386.<\/p>\n<p>In a tweet, Mr Joe Jackson said \u201cCedi \u2013 USD has appreciated by 13.95% (from 12.55 to 10.80) since 6 Mar 2023.<\/p>\n<p>\u201cLikely Reasons: 1. Lower local demand for USD 2. USD depreciation against global currencies 3. Investors no more moving Cedi funds to USD Check out the infographic for more.\u201d<\/p>\n<blockquote data-service=\"twitter\" data-category=\"marketing\" data-placeholder-image=\"https:\/\/3news.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/twitter-minimal.jpg\" class=\"cmplz-placeholder-element twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Cedi \u2013 USD has appreciated by 13.95% (from 12.55 to 10.80) since 6 Mar 2023. <br \/>Likely Reasons:<br \/>1. Lower local demand for USD<br \/>2. USD depreciation against global currencies<br \/>3. Investors no more moving Cedi funds to USD<br \/>Check out the infographic for more<a href=\"https:\/\/twitter.com\/hashtag\/BrokeGhana?src=hash&amp;ref_src=twsrc%5Etfw\">#BrokeGhana<\/a> <a href=\"https:\/\/t.co\/c1JhjA50bE\">pic.twitter.com\/c1JhjA50bE<\/a><\/p>\n<p>\u2014 Joe Jackson (@Joe_Jackson_GH) <a href=\"https:\/\/twitter.com\/Joe_Jackson_GH\/status\/1644023753267879951?ref_src=twsrc%5Etfw\">April 6, 2023<\/a><\/p>\n<\/blockquote>\n<p><strong>By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Joe Jackson is Financial Analyst Chief Operations Officer at Dalex Finance Mr Joe Jackson has stated the likely reasons for the Cedi\u2019s remarkable performance against the Dollar lately. The Ghana Cedi is buying at 10.9245 to a dollar and selling at 10.9355 as of today Thursday, April 6, according to the Interbank forex rates from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":55437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-55436","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cedi gain: Lower local demand for Dollar is among the likely reasons - Joe Jackson - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/04\/06\/cedi-gain-lower-local-demand-for-dollar-is-among-the-likely-reasons-joe-jackson\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cedi gain: Lower local demand for Dollar is among the likely reasons - Joe Jackson - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Joe Jackson is Financial Analyst Chief Operations Officer at Dalex Finance Mr Joe Jackson has stated the likely reasons for the Cedi\u2019s remarkable performance against the Dollar lately. The Ghana Cedi is buying at 10.9245 to a dollar and selling at 10.9355 as of today Thursday, April 6, according to the Interbank forex rates from [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2023\/04\/06\/cedi-gain-lower-local-demand-for-dollar-is-among-the-likely-reasons-joe-jackson\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-06T22:40:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/04\/joe-jackson-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"470\" \/>\n\t<meta property=\"og:image:height\" content=\"324\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/04\/06\/cedi-gain-lower-local-demand-for-dollar-is-among-the-likely-reasons-joe-jackson\/\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/04\/06\/cedi-gain-lower-local-demand-for-dollar-is-among-the-likely-reasons-joe-jackson\/\",\"name\":\"Cedi gain: Lower local demand for Dollar is among the likely reasons - Joe Jackson - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/04\/06\/cedi-gain-lower-local-demand-for-dollar-is-among-the-likely-reasons-joe-jackson\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/04\/06\/cedi-gain-lower-local-demand-for-dollar-is-among-the-likely-reasons-joe-jackson\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/04\/joe-jackson-1.jpg\",\"datePublished\":\"2023-04-06T22:40:08+00:00\",\"dateModified\":\"2023-04-06T22:40:08+00:00\",\"author\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/04\/06\/cedi-gain-lower-local-demand-for-dollar-is-among-the-likely-reasons-joe-jackson\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2023\/04\/06\/cedi-gain-lower-local-demand-for-dollar-is-among-the-likely-reasons-joe-jackson\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/04\/06\/cedi-gain-lower-local-demand-for-dollar-is-among-the-likely-reasons-joe-jackson\/#primaryimage\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/04\/joe-jackson-1.jpg\",\"contentUrl\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/04\/joe-jackson-1.jpg\",\"width\":470,\"height\":324},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/04\/06\/cedi-gain-lower-local-demand-for-dollar-is-among-the-likely-reasons-joe-jackson\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.ghanamma.com\/2023\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cedi gain: Lower local demand for Dollar is among the likely reasons &#8211; Joe Jackson\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2023\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\/\/www.ghanamma.com\/2023\"],\"url\":\"https:\/\/www.ghanamma.com\/2023\/author\/ghanamma\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cedi gain: Lower local demand for Dollar is among the likely reasons - Joe Jackson - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2023\/04\/06\/cedi-gain-lower-local-demand-for-dollar-is-among-the-likely-reasons-joe-jackson\/","og_locale":"en_US","og_type":"article","og_title":"Cedi gain: Lower local demand for Dollar is among the likely reasons - Joe Jackson - Ghanamma.com","og_description":"Joe Jackson is Financial Analyst Chief Operations Officer at Dalex Finance Mr Joe Jackson has stated the likely reasons for the Cedi\u2019s remarkable performance against the Dollar lately. The Ghana Cedi is buying at 10.9245 to a dollar and selling at 10.9355 as of today Thursday, April 6, according to the Interbank forex rates from [&hellip;]","og_url":"https:\/\/www.ghanamma.com\/2023\/04\/06\/cedi-gain-lower-local-demand-for-dollar-is-among-the-likely-reasons-joe-jackson\/","og_site_name":"Ghanamma.com","article_published_time":"2023-04-06T22:40:08+00:00","og_image":[{"width":470,"height":324,"url":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/04\/joe-jackson-1.jpg","type":"image\/jpeg"}],"author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2023\/04\/06\/cedi-gain-lower-local-demand-for-dollar-is-among-the-likely-reasons-joe-jackson\/","url":"https:\/\/www.ghanamma.com\/2023\/04\/06\/cedi-gain-lower-local-demand-for-dollar-is-among-the-likely-reasons-joe-jackson\/","name":"Cedi gain: Lower local demand for Dollar is among the likely reasons - Joe Jackson - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2023\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2023\/04\/06\/cedi-gain-lower-local-demand-for-dollar-is-among-the-likely-reasons-joe-jackson\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2023\/04\/06\/cedi-gain-lower-local-demand-for-dollar-is-among-the-likely-reasons-joe-jackson\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/04\/joe-jackson-1.jpg","datePublished":"2023-04-06T22:40:08+00:00","dateModified":"2023-04-06T22:40:08+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2023\/04\/06\/cedi-gain-lower-local-demand-for-dollar-is-among-the-likely-reasons-joe-jackson\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2023\/04\/06\/cedi-gain-lower-local-demand-for-dollar-is-among-the-likely-reasons-joe-jackson\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2023\/04\/06\/cedi-gain-lower-local-demand-for-dollar-is-among-the-likely-reasons-joe-jackson\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/04\/joe-jackson-1.jpg","contentUrl":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/04\/joe-jackson-1.jpg","width":470,"height":324},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2023\/04\/06\/cedi-gain-lower-local-demand-for-dollar-is-among-the-likely-reasons-joe-jackson\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2023\/"},{"@type":"ListItem","position":2,"name":"Cedi gain: Lower local demand for Dollar is among the likely reasons &#8211; Joe Jackson"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2023\/#website","url":"https:\/\/www.ghanamma.com\/2023\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2023\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2023"],"url":"https:\/\/www.ghanamma.com\/2023\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts\/55436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/comments?post=55436"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts\/55436\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/media\/55437"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/media?parent=55436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/categories?post=55436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/tags?post=55436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}