{"id":193061,"date":"2024-06-25T11:19:06","date_gmt":"2024-06-25T11:19:06","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/06\/25\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\/"},"modified":"2024-06-25T11:19:06","modified_gmt":"2024-06-25T11:19:06","slug":"cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/06\/25\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\/","title":{"rendered":"Cedi depreciation slows down but pressures still persist ; one dollar equals GH\u00a215.75 \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The depreciation of the Ghana cedi to the US dollar slowed down last week as it lost 0.96% in value to the American green back last week.<\/p>\n<p>It however began trading yesterday, June 24, 2024, at GH\u00a215.75 to one US dollar.<\/p>\n<p>The local currency continued to weaken against the major trading currencies last week as corporate demand pressures remained strong on a thin supply.<\/p>\n<p>Despite the Bank of Ghana selling about $11 million on the spot market, the Ghana cedi lost 0.96% week-on-week vs the dollar on the retail market.<\/p>\n<p>It also shed 0.38% and 0.45% against the pound and the euro, respectively.<\/p>\n<p>Ghana and its international bondholders over the weekend reached an agreement in principle to restructure $13bn of its debts. The deal will see a haircut of up to 37% on principal, with maturities lengthened.<\/p>\n<p>Coming on the heels of the bilateral debt rework, this debt agreement would mark a swift restructuring process that analysts described as positive for market sentiments.<\/p>\n<p>They believe it may help slow speculative attacks on the cedi in the medium term.<\/p>\n<p>This week, however, the local unit will lose ground as corporate demand persists ahead of the International Monetary Fund (IMF) board meeting scheduled for later this week.<\/p>\n<p><strong>Source<\/strong>:\u00a0<a>Joy Business<\/p>\n<p><!-- CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The depreciation of the Ghana cedi to the US dollar slowed down last week as it lost 0.96% in value to the American green back last week. It however began trading yesterday, June 24, 2024, at GH\u00a215.75 to one US dollar. The local currency continued to weaken against the major trading currencies last week as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":193062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-193061","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cedi depreciation slows down but pressures still persist ; one dollar equals GH\u00a215.75 \u2013 - 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\/2024\/06\/25\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh\u00a215-75\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cedi depreciation slows down but pressures still persist ; one dollar equals GH\u00a215.75 \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The depreciation of the Ghana cedi to the US dollar slowed down last week as it lost 0.96% in value to the American green back last week. It however began trading yesterday, June 24, 2024, at GH\u00a215.75 to one US dollar. The local currency continued to weaken against the major trading currencies last week as [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/06\/25\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh\u00a215-75\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-25T11:19:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/06\/image-1293.png\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"424\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/25\\\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/25\\\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Cedi depreciation slows down but pressures still persist ; one dollar equals GH\u00a215.75 \u2013\",\"datePublished\":\"2024-06-25T11:19:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/25\\\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\\\/\"},\"wordCount\":212,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/25\\\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/image-1293.png\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/25\\\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/25\\\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/25\\\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\\\/\",\"name\":\"Cedi depreciation slows down but pressures still persist ; one dollar equals GH\u00a215.75 \u2013 - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/25\\\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/25\\\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/image-1293.png\",\"datePublished\":\"2024-06-25T11:19:06+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/25\\\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/25\\\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/25\\\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/image-1293.png\",\"contentUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/image-1293.png\",\"width\":730,\"height\":424},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/06\\\/25\\\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cedi depreciation slows down but pressures still persist ; one dollar equals GH\u00a215.75 \u2013\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\",\"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\\\/2024\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"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\\\/2024\"],\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/author\\\/ghanamma\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cedi depreciation slows down but pressures still persist ; one dollar equals GH\u00a215.75 \u2013 - 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\/2024\/06\/25\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh\u00a215-75\/","og_locale":"en_US","og_type":"article","og_title":"Cedi depreciation slows down but pressures still persist ; one dollar equals GH\u00a215.75 \u2013 - Ghanamma.com","og_description":"The depreciation of the Ghana cedi to the US dollar slowed down last week as it lost 0.96% in value to the American green back last week. It however began trading yesterday, June 24, 2024, at GH\u00a215.75 to one US dollar. The local currency continued to weaken against the major trading currencies last week as [&hellip;]","og_url":"https:\/\/www.ghanamma.com\/2024\/06\/25\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh\u00a215-75\/","og_site_name":"Ghanamma.com","article_published_time":"2024-06-25T11:19:06+00:00","og_image":[{"width":730,"height":424,"url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/06\/image-1293.png","type":"image\/png"}],"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":"Article","@id":"https:\/\/www.ghanamma.com\/2024\/06\/25\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/06\/25\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\/"},"author":{"name":"Ghana News","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"headline":"Cedi depreciation slows down but pressures still persist ; one dollar equals GH\u00a215.75 \u2013","datePublished":"2024-06-25T11:19:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/06\/25\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\/"},"wordCount":212,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/06\/25\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/06\/image-1293.png","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2024\/06\/25\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2024\/06\/25\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\/","url":"https:\/\/www.ghanamma.com\/2024\/06\/25\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\/","name":"Cedi depreciation slows down but pressures still persist ; one dollar equals GH\u00a215.75 \u2013 - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/06\/25\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/06\/25\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/06\/image-1293.png","datePublished":"2024-06-25T11:19:06+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2024\/06\/25\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2024\/06\/25\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2024\/06\/25\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/06\/image-1293.png","contentUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/06\/image-1293.png","width":730,"height":424},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2024\/06\/25\/cedi-depreciation-slows-down-but-pressures-still-persist-one-dollar-equals-gh%c2%a215-75\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2024\/"},{"@type":"ListItem","position":2,"name":"Cedi depreciation slows down but pressures still persist ; one dollar equals GH\u00a215.75 \u2013"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2024\/#website","url":"https:\/\/www.ghanamma.com\/2024\/","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\/2024\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","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\/2024"],"url":"https:\/\/www.ghanamma.com\/2024\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/193061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/comments?post=193061"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/193061\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media\/193062"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media?parent=193061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/categories?post=193061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/tags?post=193061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}