Tag Archives: Cedi depreciation

Renowned finance scholar, Prof Alex Annan Abakah, from Bentley University, has debunked widespread claims that the Russia-Ukraine war and the COVID-19 pandemic are the main contributors to the depreciation of the Ghanaian cedi. Speaking at a policy dialogue organized by the Public Financial Management (PFM) Tax Africa Network in Accra, he emphasized that the cedi’s decline is largely attributed to ...

Cement manufacturers in the country have attributed the recent increase in cement prices to the depreciation of the cedi to the dollar, high port taxes and duties amongs others. Major cement manufacturers in the country have announced a 5% increment which takes effect today, warning that prices could increase further if the situation remained the same. Explaining the rationales behind ...