Accra, Ghana

GSE Feed

Forex Rate

Tag Archives: GN Research

Mixed reactions meet GH¢6 to $ 1 prediction

Ghana Cedi

There are mixed reactions to the prediction that the cedi will depreciate to 6 cedis to a dollar by 2022. The Economist Intelligence Unit (EIU) based in the UK, has predicted that the local currency will perform poorly against the dollar within the next four years due to some external pressures and political uncertainties. But some currency analysts have expressed ...

Read More »

MPC likely to maintain policy rate at 23.5% – GN Research

bog microfinance

GN Research expects the Monetary Policy Committee (MPC) to keep the Monetary Policy Rate at 23.5%, due to a positive trend in inflation outlook, a stable currency, an improved investor confidence and the general positive outlook for the economy. The (MPC) of the central bank is set to announce a new Monetary Policy Rate (MPR), on Monday May 22, 2017, ...

Read More »

Tax cuts to deepen cedi depreciation – GN Research

Ghana Cedi

Some currency analysts have warned that the government’s tax cuts would lead to a further depreciation of the cedi should it fail to stem the side effects of the policy. They contend that the ease in tax burden is an incentive for businesses to expand leading to an increased demand for dollars as a result. “Ghana’s currency, the Cedi is ...

Read More »
Ghana Business News