Cedi

New ¢100, ¢200 notes cost $8.9m to print – Finance Minister

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The Finance Minister has told Parliament that $8.9 million was spent to print the new ¢100 and ¢200 notes. Responding to questions on the Floor of Parliament on Tuesday, Ken Ofori-Atta said $5.39 million has already been paid. “Information obtained from the Bank of Ghana (BoG) shows that the cost of printing the ¢100 and … Read more

Cedi falls to record as foreign investors shun Ghana bonds

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Ghana’s currency slumped to a record against the dollar after a dovish tilt by the nation’s central bank reduced the appeal of fixed-income assets, sapping foreign-investor demand for the country’s bonds. The cedi has weakened 11 percent this year, the most among more than 140 currencies tracked by Bloomberg, after the central bank unexpectedly cut … Read more