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Cedi Board


US Removes Tariffs on Ghanaian Exports as EC Chairperson Faces Removal Petition
Today's Cedi Board highlights a slight depreciation in the Cedi against major trading partners alongside significant shifts in trade policy and governance. While the forex market shows a month-on-month upward trajectory for the Dollar, Euro, and Pound, the broader economic landscape is reacting to the removal of U.S. tariffs on key Ghanaian agricultural exports. Simultaneously, the governance space is absorbing the implications of a formal petition lodged against the Electora
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Nov 24, 20254 min read


From Ghana Gold Coin to GoldBod Tablets : Tracking Market Shifts Amid Obuasi Headlines
Today's Cedi Board for November 21, 2025, draws our attention to a fascinating evolution in Ghana's domestic gold market and a complex mix of social headlines centered on the name "Obuasi." We see the juxtaposition of the established Ghana Gold Coin, introduced in November 2024, against the newly launched GoldBod Jewellery tablet, a November 2025 entrant. Simultaneously, the news cycle is dominated by two separate but trending events involving "Obuasi," requiring a clear dist
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Nov 21, 20254 min read


ECOWAS Court Rules on Torkornoo, New Digital Road Tolls Announced, and Diesel Prices Surge
Today's data points to significant upward shifts in the energy sector, with diesel prices recording noticeable increases across major Oil Marketing Companies (OMCs). Beyond the pumps, the national narrative is dominated by the ECOWAS Court’s latest decision regarding former Chief Justice Torkornoo, alongside a major government announcement concerning the reintroduction of road tolls in 2026. Simultaneously, equity markets are showing robust performance with Ecobank reaching n
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Nov 20, 20254 min read


OSP Charges Former Finance Minister as Goil Shares Surge to an All-Time High
Today’s economic and legal landscape presents a stark mix of courtroom drama, market optimism, and tragic news from the mining sector. Public discourse is dominated by the Office of the Special Prosecutor’s (OSP) move to formally charge former Finance Minister Ken Ofori-Atta. Simultaneously, consumers are navigating a complex pricing environment where some staples are rising while others offer slight relief. Let's analyze the latest data and emerging trends shaping Ghana's ec
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Nov 19, 20253 min read


GAF To Resume Recruitment in Accra, Anti-Galamsey Raids Intensify in Obuasi, and Ghana-Qatar Visa Talks Underway
Today’s market data highlights a divergent trend within the cereal category, where imported oats have recorded a notable price surge while staples like wheat and Ekuegbemi display continued price stability. On the national front, public attention is focused on the resumption of the Ghana Armed Forces recruitment process following a suspension, alongside intensified security operations against illegal mining in the Ashanti Region. Additionally, diplomatic channels have opened
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Nov 18, 20254 min read


Fuel Prices Set to Rise and Presidential Jet Returns; Baffoe-Bonnie To Be Sworn In as Chief Justice
Today's daily Cedi Board shows new short-term pressure on the currency, with the Cedi weakening against the Dollar, Euro, and Pound over the past month. This depreciation appears to be a key factor in the day's top headline: a new cycle of fuel price increases. In other major news, Justice Paul Baffoe-Bonnie will be sworn in as the new Chief Justice, and the presidential jet has returned to Ghana after an eight-month overhaul in France. Let's analyze the latest data and emerg
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Nov 17, 20255 min read


2026 Budget: COVID-19 Levy Scrapped and New Accra-Kumasi Expressway Confirmed
Today's daily Cedi Board shows a significant drop in Treasury bill rates across all short-term instruments. This rate movement occurs alongside major economic announcements from the 2026 Budget, including the scrapping of the COVID-19 Levy and confirmation of the new Accra-Kumasi Expressway. Simultaneously, the commissioning of the $1.5bn Tema Port Expansion project signals a major push in infrastructure. However, an interesting paradox emerges as T-bill investors appear to b
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Nov 14, 20254 min read


Finance Minister to Unveil 2026 Budget; Mahama Releases ₵200m for Maize Glut
Today's daily report shows significant developments across Ghana. In the construction sector, the price of 5" hollow concrete blocks has seen a notable increase to ₵7.5, marking a 15.38% rise since the start of the year. This market movement coincides with major national news, including the presentation of the 2026 Budget Statement, a presidential directive releasing ₵200 million to address a food glut, and a tragic stampede at a GAF recruitment exercise. Investor sentiment,
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Nov 13, 20254 min read


'Gold-for-Oil' Probe: Former BOST CEO Edwin Provencal Arrested; August 6 Crash Report Cites Weather
Today's Cedi Board shows a significant drop in fuel prices across major outlets like Zen, StarOil, and TotalEnergies, with prices falling over 7% . This market relief comes amid a turbulent news cycle. Key developments include the arrest of former BOST CEO Edwin Provencal in connection with the 'Gold-for-Oil' program and the release of the final report on the tragic August 6 helicopter crash. Concurrently, our investor insight highlights a major deficit in Ghana's palm oil s
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Nov 12, 20255 min read


August 6 Helicopter Crash Report Set for Public Release as $2M Sky Train Financial Loss Trial Commences
Today's daily economic report presents a mixed landscape for Ghanaian consumers and the national economy. While the price of a 5KG bag of K-75 rice shows a significant reduction, the cost of an Indomie HungryMan box has registered an increase. This consumer data emerges alongside major national developments, including the scheduled public release of the August 6 helicopter crash report and the start of the $2 million Sky Train financial loss trial. Let's analyze the latest da
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Nov 11, 20254 min read


New Minimum Wage and Passport Fee Adjustments Announced; S&P Upgrades Ghana's Credit Rating to 'B-/B' as Cedi Holds
Today's Cedi Board shows a Cedi that has maintained its significant year-over-year strength against major trading currencies, despite minor short-term fluctuations. The most significant development is a two-notch sovereign credit rating upgrade from S&P Global. This is coupled with domestic news, including a planned increase in the national minimum wage for 2026 and an immediate reduction in passport application fees. Today 's investor insight also highlights a new fintech-d
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Nov 10, 20258 min read


Mahama Cuts Sod for 200MW Solar Park as Journalists Are Injured After EPA Anti-Galamsey Operation
Today’s daily Cedi Board shows a downward shift in Treasury Bill rates, with yields falling significantly compared to one year ago. This unfolds alongside major national news, including the launch of a 200-Megawatt-peak solar park and a stark reminder of the perils in combating illegal mining. As Mfantsipim School’s NSMQ victory trends, a new analysis also points to a $20 billion opportunity within Ghana's creative sector. Let's analyze the latest data and emerging trends sha
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Nov 7, 20254 min read


ECG Wins $390M Arbitration While Local Rice Farmers Struggle to Sell 2024 Harvest
Today’s Cedi Board highlights stability in key consumer prices alongside notable developments in Ghana’s economic landscape. Prices for gari, sachet water, and roasted groundnuts have remained unchanged since 2024, signaling minimal day-to-day inflationary pressure on staple goods. Meanwhile, the Bank of Ghana’s gold reserves continue to rise, a major arbitration ruling favors the Electricity Company of Ghana, and local farmers struggle with a worsening rice surplus. Let’s an
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Nov 6, 20254 min read


GCB Shares Hit 166% All-Time High as Cedi Slips; Metro Mass Revenue Rises to ₵14M
Today's daily financial report presents a mixed picture for the Ghanaian economy. Key market indicators show the Cedi experiencing a slight depreciation against the US dollar, while essential costs like fertilizer show significant year-on-year increases. In corporate news, GCB Bank shares have registered a remarkable all-time high, demonstrating strong investor confidence. This financial activity unfolds against a backdrop of major domestic news, including a significant fire
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Oct 31, 20254 min read


Fuel Prices Set to Fall, GRA Targets Informal Sector, and Health Ministry Tackles Data Crisis
In today's daily report, the Ghanaian cedi held stable against the dollar, remaining unchanged from yesterday. In fashion and beauty consumer markets, products like synthetic braid extensions have seen a 12.5% price drop from 2024. However, this market calm contrasts with significant developments in national policy, led by a forecast for a major fuel price reduction, a new GRA tax model for the informal sector, and a complete overhaul of the nation's health data system. Le
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Oct 30, 20254 min read


ECG's GH¢189M Budget Breach, Air Traffic Strike Looms: Your October 29 Economic Briefing
The Cedi has slid slightly from yesterday, hitting ₵10.86, while Treasury bill rates show a year-on-year drop. This comes as major headlines shake public confidence, from the ECG's staggering GH¢189M overspending to an impending air traffic strike and a new class of 85,000 NSS personnel entering the workforce. Let's break down what these numbers and news mean for your money and the national economy. Market Movers The 182-day T-Bill is at 10.74% , and the 364-day is at 11.41%
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Oct 29, 20254 min read


Cedi @ 60, NDPC’s First Report in 30 Years, and MTN’s Blockchain War on MoMo Fraud: Ghana's Economic Pulse
Today’s Cedi Board shows the dollar at ₵10.81 , reflecting minor short-term volatility even as the currency has shown strength over the past year. But the real stories are bigger: the Bank of Ghana is marking the Cedi's 60th anniversary, the NDPC has released its first progress report in three decades, and MTN is deploying blockchain to fight MoMo fraud. Let's break down what these key developments mean for Ghana's economic landscape. Market Movers: The Cedi and Your Subscrip
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Oct 28, 20253 min read


$8 Billion from Gold & 4.5% Growth: Is Ghana's Economy Turning a Corner?
At mid-October 2025, one olonka of onions costs ₵40–₵60 , and a paint bucket of tomatoes goes for ₵80–₵100 in Accra markets. Meanwhile, the cedi has firmed to ₵10.71 per US dollar , up from ₵11.26 yesterday , signaling a modest appreciation. Combined with record gold exports, an expanded Free SHS program, and steady agricultural growth, Ghana’s economy might be showing signs of quiet resilience. Let’s unpack the latest numbers shaping the country’s financial outlook. Major H
bernard boateng
Oct 17, 20252 min read


Fuel Prices Drop, IMF Ups Growth Forecast, and BoG Regulates Digital Credit
The Cedi is making big moves! With the IMF raising Ghana's 2025 growth forecast to 4% and a stronger Cedi triggering an immediate drop in fuel prices, the economy is showing impressive resilience. Key financial decisions, from the Bank of Ghana’s move to regulate the digital lending space to new perspectives on property investment, are setting the stage for the future. Let's break down the latest numbers and news shaping Ghana's economic landscape. Market Stability: T-Bills
bernard boateng
Oct 16, 20253 min read


GH¢48,629 Gold Coin, Stronger Cedi, Cleared Arrears: Ghana's Q4 Economic Ascent
The Cedi Board on October 15, 2025, highlights an economy balancing significant debt clearance with ambitious international trade positioning. The Ghana Gold Coin is a standout, surging by over GH¢4,200 to GH¢48,629.02 per ounce (a change of over 9.5% since November 2024), driven by global safe-haven demand. Crucially, the USD/GHS rate shows notable appreciation to the BOG Interbank selling rate of GH¢11.46. Today's headlines are centered on clearing a mountain of arrears an
bernard boateng
Oct 15, 20253 min read
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