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The Magical performance of Ghana cedis over the dollars today, shocks everyone

The Magical performance of Ghana cedis over the dollars today, shocks everyone

 

The unbelievable news is that, today as we speak, the Ghanaian cedi is performing so well that, it got every one talking. May be, this is the turning point for mother Ghana in our socio-economic development.
The currency started performing so well against not only the dollar but also against all the valuable currencies in the forex market.

 

Today, the cedis is sold as 8.50ghc per 1dollar in the The forex market and the world wide. Per an official rate from the office of the central bank, one dollar is sold as 8.50Ghc, on Friday, 16 December 2022.

The Magical performance of Ghana cedis

Ghanaian cedis started performing woefully at the beginning of 2022. This has resulted in the abnormal increment of prices of goods world wide, creating the unbreakable economic hardship as a results of inflation.

 

A press release from the office of the government suggests that, traders and everyone dealing with goods and services including the transport service should amicable reduce the prices of goods and services they are in-charged of by Monday, 19 December, 2020.

 

However, it is difficult to pinpoint at a single reason why the cedis is performing so well. We pray it affects the prices of commodities and should also, stand the test of time. This is suggested to aid in solving our economic hardship in the country.

The Magical performance of Ghana cedis

This issue kept on worsening every now and then. From September this year, the cedi was sold against the dollar as 12cedis per 1dollar. It continued to increase to 15ghc per a dollar. Thanks be to God it has stabilized at this critical venture.

The figures below demonstrate theĀ  current exchange rates as far as the Ghanaian cedis is concerned.

The Magical performance of Ghana cedis

Source cover Ghana news

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