{"id":4342,"date":"2024-08-31T01:33:12","date_gmt":"2024-08-31T01:33:12","guid":{"rendered":"https:\/\/sbmediaonline.com\/?p=4342"},"modified":"2024-08-31T01:33:13","modified_gmt":"2024-08-31T01:33:13","slug":"the-cedi-is-trading-at-gh%c2%a216-02-to-the-us-dollar-and-gh%c2%a221-13-to-the-british-pound-at-major-forex-bureaus","status":"publish","type":"post","link":"https:\/\/sbmediaonline.com\/?p=4342","title":{"rendered":"The cedi is trading at GH\u00a216.02 to the US dollar and GH\u00a221.13 to the British pound at major forex bureaus."},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"250\" src=\"https:\/\/uwordpressmedia.blob.core.windows.net\/uwordpressmedia01\/2024\/08\/65420053.295-1.jpg\" alt=\"\" class=\"wp-image-4343\"\/><\/figure>\n\n\n\n<p>Ghana&#8217;s local currency (the cedi) has been depreciating against major trading currencies, especially the US dollar, in recent times.<br><br>As of Friday 30, 2024, at 10:00 AM, checks by\u00a0<a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/people\/person.php?ID=3718\" target=\"_blank\" rel=\"noreferrer noopener\">GhanaWeb<\/a>\u00a0Business showed that the cedi is selling at GH\u00a216.02 to $1 at some major forex bureaus in the capital, Accra.<br><br>This decline in the cedi&#8217;s value is also evident among other trading currencies such as the British Pound and Euro.<br><br>For instance, the local currency is trading at GH\u00a221.13 to \u00a31 while selling at GH\u00a217.78 from GH\u00a217.85 to \u20ac1 yesterday at major forex bureaus across the country.<br><br>International news portal Bloomberg recently ranked the Ghana cedi as the fourth-worst performing currency among 150 top currencies tracked globally.<br><br>According to a Bloomberg survey, while the cedi lost almost 23% of its value against the US dollar, the local currency experienced relative stability in July this year.<br><br>The Cedi&#8217;s performance has been attributed to increased demand for the US dollar to purchase petroleum products, pharmaceuticals, and other imported goods.<br><br><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ghana&#8217;s local currency (the cedi) has been depreciating against major trading currencies, especially the US dollar, in recent times. As of Friday 30, 2024, at [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4343,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4342"}],"version-history":[{"count":1,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4342\/revisions"}],"predecessor-version":[{"id":4344,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4342\/revisions\/4344"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/media\/4343"}],"wp:attachment":[{"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}