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      Church of Pentecost clerk granted bail for stealing

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      France recalls ambassador to Burkina Faso

      Father butchers son for tapping his palm trees for palm wine

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      Asamoah Gyan paid for my knee surgery 7 years ago – Stonebwoy

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      Spotify trims workforce by 6% to enhance efficiency

      Bob Marley and the Wailers’ Stir it Up ft Sarkodie reaches #1 on iTunes Ghana Top 100 songs

      Bob Marley and the Wailers’ Stir it Up ft Sarkodie reaches #1 on iTunes Ghana Top 100 songs

      Meek Mill deletes Jubilee House music video from Instagram page

      Meek Mill deletes Jubilee House music video from Instagram page

      CES 2023: Sony unveils controller for disabled gamers

      CES 2023: Sony unveils controller for disabled gamers

      Scrap dealer remanded for allegedly stealing Meek Mill’s phone

      Scrap dealer remanded for allegedly stealing Meek Mill’s phone

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      Asamoah Gyan paid for my knee surgery 7 years ago – Stonebwoy

      Kotoko gets the green light to compete in Africa

      Kotoko to file 4 new protests against Aduana

      Kotoko players unhappy with 40% pay cut

      Kotoko file protest against Aduana Stars

      Aduana file protest against Nicholas Mensah, Kotoko

      Aduana file protest against Nicholas Mensah, Kotoko

      Hearts of Oak coach Matic applies for Black Stars job

      Hearts of Oak coach Matic applies for Black Stars job

      Sam George receives email from Twitter over LGBTQ+ post

      People are using GFA to make money – Sam George

      Gov’t tells GFA to appoint Chris Hughton as Black Stars coach

      Gov’t tells GFA to appoint Chris Hughton as Black Stars coach

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      Taxi driver arrested for attacking woman with machete

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      Hookup is crystal clear prostitution – Akumaa Mama Zimbi

      Hookup is crystal clear prostitution – Akumaa Mama Zimbi

      Coronavirus found in men’s semen

      Gobe and kontomire produce rich sperms for reproduction – Nutritionist Fred Amese

      Coronavirus found in men’s semen

      I donate my sperm for ₵2,500 every week – Man reveals

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      Couple welcome quintuplets after 15 years of marriage

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        Manhyia puts a ban on funerals in Asanteman

        Details of the symbol of authority of the Ashanti Region, the Asanteman flag

        The story of the Ghanaian professor emeritus who did not attend secondary school

        The story of the Ghanaian professor emeritus who did not attend secondary school

        The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

        The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

        Meet the African tribe that offers free sex to guests

        Meet the African tribe that offers free sex to guests

        Meet Kobena Sekyi, the educated elite who never wore European clothing

        Meet Kobena Sekyi, the educated elite who never wore European clothing

        This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

        This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

        Who is the real Yaa Asantewaa

        Who is the real Yaa Asantewaa

        How an Asante King led an army to defeat the British and behead a governor in 1824

        How an Asante King led an army to defeat the British and behead a governor in 1824

        How a Ghanaian slave became a respected philosopher in Germany

        How a Ghanaian slave became a respected philosopher in Germany

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      Cedi strengthens further against dollar; $1 now ¢13

      Cedi to hit GH¢6.50:$1 by 2023 – EIU
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      The value of the local currency keeps strengthening against the US dollar and all the other major foreign currencies, few days after government announced a Debt Exchange Programme.

      Checks by Joy Business at some foreign bureaus within the capital city of Accra has revealed that the local currency is going for an average of ¢13 to the US dollar. It may decline further to the ¢12 bracket by tomorrow if the trend continues.

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      A pound and euro is also selling at ¢15.90 and ¢13.15 respectively to the cedi.

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      It is unclear why the sudden improvement of the local currency, but some market analysts are attributing it to a weakening of the US dollar against global currencies and a successful launch of a debt restructuring programme.

      The government is optimistic it will secure an IMF Staff-Level Agreement before the end of the year, and that will build investor confidence and strengthen the cedi further.

      Some analysts stated a day after the launch of the Debt Exchange Programme that the Ghana cedi was likely to strengthen against the US dollar and other major foreign currencies amidst clarity on Ghana’s debt sustainability outlook.

      The cedi’s good run in recent weeks reflects more of a US dollar weakening with some improved outlook around the cedi-US dollar supply balance heading into next year, an analyst with one of the leading investment bank told joy Business.

      “Firstly, we’ve seen some sharp weakening of the US dollar against global currencies in recent weeks and this is showing in a sharp decline in the dollar index which has lost 6.6% since early November to date. The US dollar weakening has thus eased the pressure on emerging and frontier market currencies, including the Ghana cedi”.

      Another analyst also said the discussions around the debt restructuring appears to be a favourable outlook for the cedi.

      “If the domestic debt exchange programme becomes successful with almost 100% participation, what it means is that the amount of cedi supply in the form of interest and principal payments will reduce and this should reduce the imbalance in the forex market. The outlook for a tighter cedi liquidity is being priced into the market, supporting the local currency, he said”.


      Cedi strengthens in value against dollar; 1$ now ¢13.70

      The local currency went for 13.70 to one US dollar on Tuesday December 6, 2022.

      This was immediately after the announcement of the Debt Exchange Programme on Monday December 5, 2022..

      source: My Joy Online

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