Tag Archives: Cedi and dollar

The US dollar is on a tear, strengthening around 11% since the start of the year and – for the first time in two decades – reaching parity with the Euro. Indeed, an overwhelming number of major currencies have depreciated against the dollar, with big implications for the developing world. Given the slew …

Nana Aba Anamoah, a renowned journalist, has reacted to the recent dollar-to-cedi swap by calling it disgraceful. Almost everyone is focused on the E-levy, but Nana Aba has pointed out that the dollar is devaluing the cedi, affecting even fuel prices. In today’s world, one dollar is worth 7.06 GH, …