{"id":260185,"date":"2024-12-04T10:39:32","date_gmt":"2024-12-04T10:39:32","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/12\/04\/ghanas-cedi-strengthens-against-the-dollar\/"},"modified":"2024-12-04T10:39:32","modified_gmt":"2024-12-04T10:39:32","slug":"ghanas-cedi-strengthens-against-the-dollar","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/12\/04\/ghanas-cedi-strengthens-against-the-dollar\/","title":{"rendered":"Ghana&#8217;s Cedi Strengthens Against the Dollar"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"has-drop-cap\">Ghana\u2019s cedi is gradually gaining ground against the dollar. As the year winds down, the local currency has been steadily picking up strength, especially against the dollar. Just last November, it was floating around GH\u00a217.00, but by the time the month wrapped up, it had dropped to GH\u00a216.40 at some forex bureaus.<\/p>\n<p>The Bank of Ghana is crediting the boost to improvements in the country\u2019s external sector. In a recent update, the central bank reported that as of December 4, 2024, the cedi was trading at GH\u00a215.10 when buying and GH\u00a215.12 when selling.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"595\" src=\"http:\/\/newscentral.africa\/wp-content\/uploads\/Dollar-and-cedi-1024x595.png\" alt=\"Ghana's Cedi Selling at GH\u00a214.80 to $1\" class=\"wp-image-220277\" srcset=\"https:\/\/newscentral.africa\/wp-content\/uploads\/Dollar-and-cedi-1024x595.png 1024w, https:\/\/newscentral.africa\/wp-content\/uploads\/Dollar-and-cedi-300x174.png 300w, https:\/\/newscentral.africa\/wp-content\/uploads\/Dollar-and-cedi-768x446.png 768w, https:\/\/newscentral.africa\/wp-content\/uploads\/Dollar-and-cedi-1536x892.png 1536w, https:\/\/newscentral.africa\/wp-content\/uploads\/Dollar-and-cedi-150x87.png 150w, https:\/\/newscentral.africa\/wp-content\/uploads\/Dollar-and-cedi-450x261.png 450w, https:\/\/newscentral.africa\/wp-content\/uploads\/Dollar-and-cedi-1200x697.png 1200w, https:\/\/newscentral.africa\/wp-content\/uploads\/Dollar-and-cedi.png 1546w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><\/figure>\n<p>Meanwhile, the British pound is being bought at GH\u00a219.12 and sold at GH\u00a219.14, while the Euro\u2019s rates are a bit lower at GH\u00a215.88 to buy and GH\u00a215.89 to sell.<\/p>\n<p>A quick check this morning (Dec 4, 2024) around 8:10 AM shows the cedi at GH\u00a216.00 to the dollar, while the pound has slipped to GH\u00a220.10 and the Euro is at GH\u00a216.85 on the retail market.<\/p>\n<p>To curb the cedi\u2019s earlier dip, the Bank of Ghana stepped in, selling over $200 million worth of dollars. <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ghana\u2019s cedi is gradually gaining ground against the dollar. As the year winds down, the local currency has been steadily picking up strength, especially against the dollar. Just last November, it was floating around GH\u00a217.00, but by the time the month wrapped up, it had dropped to GH\u00a216.40 at some forex bureaus. The Bank of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":260186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-260185","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>Ghana&#039;s Cedi Strengthens Against the Dollar - 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\/12\/04\/ghanas-cedi-strengthens-against-the-dollar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana&#039;s Cedi Strengthens Against the Dollar - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Ghana\u2019s cedi is gradually gaining ground against the dollar. As the year winds down, the local currency has been steadily picking up strength, especially against the dollar. Just last November, it was floating around GH\u00a217.00, but by the time the month wrapped up, it had dropped to GH\u00a216.40 at some forex bureaus. 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