{"id":63386,"date":"2023-12-29T17:00:02","date_gmt":"2023-12-29T17:00:02","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=63386"},"modified":"2023-12-29T15:17:18","modified_gmt":"2023-12-29T15:17:18","slug":"cedi-sells-at-11-6501-to-a-dollar-per-bog-rate-on-thursday","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/cedi-sells-at-11-6501-to-a-dollar-per-bog-rate-on-thursday","title":{"rendered":"Cedi sells at 11.6501 to a Dollar per BoG rate on Thursday"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The Cedi is selling at 11.6501 to a Dollar as of Thursday, December 28. It is being bought at GHc11.6385 to a dollar per the Bank of Ghana rate.<\/b><\/p>\n

It is selling at GHc14.9110 to a pound while being bought at GHc14.8949. To the Euro, it sells at GHc12.9559 and is bought at 12.9431.<\/p>\n

These figures represent the average interbank rates used by commercial banks for the transactions at the close of Business Wednesday, December 27, 2023, the BoG said.<\/p>\n

Earlier, Finance Minister Ken Ofori-Atta indicated while celebrating the economic recovery that the exchange rate has stabilized.<\/p>\n

Mr Ofori-Atta said the government had turned the corner relative to the economic challenges when it successfully completed the first review of the 3-year 3 billion International Monetary Fund External Credit Facility (IMF-ECF) programme.<\/p>\n

\u201cWe turned the corner when we completed the IMF first review,\u201d he told Parliament while presenting the 2024 budget statement on Wednesday, November 15.<\/p>\n

He further assured that the government is poised to \u201cmaintain stability and keep growing. and ensure increased growth, currency stability\u201d<\/p>\n

\u201cWe turned the corner when inflation started declining from 54 1 in December to 35.2 in October 2023, he added.<\/p>\n

\u201cThe recovery is indeed real and is here to stay,\u201d he further assured.<\/p>\n

Mr Ofori-Atta further stated that the prompt deployment of strong fiscal and monetary policy measures since the last year as well as in the first half of 2023 largely accounts for the continued economic recovery that is being experienced.<\/p>\n

\u201cSo far, growth in 2023 has been more resilient than expected, inflation has declined in line with the fundamentals, the fiscal and external balances have improved, and the exchange rate has stabilised,\u201d he said.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. The Cedi is selling at 11.6501 to a Dollar as of Thursday, December 28. It is being bought at GHc11.6385 to a dollar per the Bank of Ghana rate. It is selling at GHc14.9110 to a pound while being bought at GHc14.8949. To the Euro, it sells at GHc12.9559 and is bought […]<\/p>\n","protected":false},"author":84,"featured_media":63385,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-63386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nCedi sells at 11.6501 to a Dollar per BoG rate on Thursday - Ghana<\/title>\n<meta name=\"description\" content=\"The Cedi is selling at 11.6501 to a Dollar as of Thursday, December 28. 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