The cedi outperformed the U. S dollar and the euro but depreciated versus the British pound at the close of trading in the week ending April 21. It recorded a 1.13 per cent appreciation against the U.S. dollar as investors languished over weaker-than-expected economic data in the world’s largest economy. As a result, the local … Read more
The cedi lost grounds to the three major international currencies in the week ending February 24. Despite coming under pressure, the greenback appreciated by 2.88 per cent against the Ghana cedi. The local currency closed trading at GH¢4.44, representing a year-to-date depreciation of 5.71 per cent. The Euro, which stood on the defensive in the … Read more
According to the Institute of Energy Security, trading activities within first pricing window for the month of November reveals most oil marketing companies are losing their market share to Goil, Top Oil, Radiance Oil, Glory Oil and Allied Oil because they were selling the cheapest fuel on the local market. Shell (Vivo Energy), Total Petroleum … Read more
Fuel prices are expected to fall by between 1.5 and 3% in the second-pricing window for November 2016, the Institute for Energy Security (IES) has projected. “As a result of marginal loss of the Ghana Cedi to the U. S. Dollar, the up to 8.12 % reduction in the prices of finished products on the … Read more
The Institute for Energy Security (IES) has predicted a marginal drop in petrol and diesel prices in Ghana in the coming days. According to IES, per their analysis, diesel and petrol are likely to go down by 1.5% and 3.0% respectively on the local market. “As a result of marginal loss of the Ghana Cedi … Read more
The Institute Energy Studies (IES) has published its bi-weekly forecast of the petroleum market, projecting that petrol and diesel prices will remain ‘fairly stable’ in the first November pricing window. “With the marginal reduction in national fuel stock, the marginal appreciation of the Ghana Cedi against the U. S. Dollar, the up to 3% increase … Read more