Performance of Ghana Cedis


 

There have been a lot of debate with regarding the continually falling of Ghana cedis against other currency.Many Currency analysts have expressed their opinion about the performance of  Ghana cedis (GHC)  against trading partner currency since the most important part price in any economy is the price of at which domestic currency trade against its trading partners.In another word, the rate at which the domestics currency can be exchange  in a global Forex market determine how we live generally which directly affect almost every economic activities

  A focus on financial service delivery sector is not certainly bad ideas. However, the question as been asked with regarding the depreciation of Ghana cedis and whether it will continue to fall i foreseeable future.
According to the research analyst, the health of the cedi is a reflection of the real sectors of Ghana’s economy which are currently weak and unstable.

 Figures available to from the Bank of Ghana as well as Forex bureaus across the country show that the cedi has depreciated by about 5.4 percent between January and February of this year alone on the interbank forex exchange market and as much as 6.72 percent in the same period across forex bureaus in the country.

 They explained that the currency of a country too large extent determines the value of goods and services, hence the macro stability.With Ghana’s high level of imports, the cedi will always be under pressure since it will trade among other currencies backed by the value of their exports.

 The question we need to ask is “What is backing the cedi,? it’s a small open economy where more than 70 percent of business input cost in this country is imported. How do you expect the cedi to behave differently? Certainly not, until we look at the fundamentals, the cedi will continue to do what it has been doing. It has to adjust to reflect the new equilibrium. 

Comments

  1. Akinola Taofeek30 March 2017 at 03:48

    HMM....

    ReplyDelete
  2. Akinola Taofeek30 March 2017 at 03:48

    very educative

    ReplyDelete
  3. Akinola Taofeek30 March 2017 at 03:49

    very inspring

    ReplyDelete
  4. Akinola Taofeek30 March 2017 at 03:49

    i love it

    ReplyDelete
  5. Akinola Taofeek30 March 2017 at 03:49

    what a new

    ReplyDelete
  6. Akinola Taofeek30 March 2017 at 03:49

    keep it up

    ReplyDelete
  7. Akinola Taofeek30 March 2017 at 03:49

    keep it up

    ReplyDelete
  8. Akinola Taofeek9 April 2017 at 05:21

    nice one

    ReplyDelete
  9. Akinola Taofeek9 April 2017 at 05:21

    reforming local currency is the best

    ReplyDelete
  10. Akinola Taofeek9 April 2017 at 05:21

    africa must learn to transac business in their own currency

    ReplyDelete
  11. Akinola Taofeek9 April 2017 at 05:22

    we relies so much on foreign currency

    ReplyDelete
  12. Akinola Taofeek9 April 2017 at 05:22

    dependence on others currency killing local business

    ReplyDelete
  13. Akinola Taofeek9 April 2017 at 05:22

    let have respect for our currency

    ReplyDelete
  14. Akinola Taofeek9 April 2017 at 05:22

    let handle it with care

    ReplyDelete
  15. Akinola Taofeek9 April 2017 at 05:23

    well done

    ReplyDelete
  16. Akinola Taofeek9 April 2017 at 05:23

    keep it up

    ReplyDelete
  17. Akinola Taofeek10 April 2017 at 04:02

    nice one

    ReplyDelete
  18. Akinola Taofeek10 April 2017 at 04:02

    educative indeed

    ReplyDelete
  19. Akinola Taofeek10 April 2017 at 04:02

    intersting

    ReplyDelete

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