{"id":4050,"date":"2024-10-18T17:49:47","date_gmt":"2024-10-18T17:49:47","guid":{"rendered":"https:\/\/storylinegh.com\/?p=4050"},"modified":"2024-10-18T17:49:47","modified_gmt":"2024-10-18T17:49:47","slug":"ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa","status":"publish","type":"post","link":"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/","title":{"rendered":"GHANA\u2019S CEDI: ONE OF THE WORST-PERFORMING CURRENCIES IN SUB-SAHARAN AFRICA"},"content":{"rendered":"\n

The Ghanaian cedi has emerged as one of the most challenged currencies in Sub-Saharan Africa, facing steep depreciation amid a range of economic pressures. Over the past year, the cedi has lost significant value against major currencies like the US dollar, putting a strain on businesses and households that depend on imports. This decline has been fuelled by a mix of internal and external factors, including high inflation, fiscal deficits, and a weakened balance of payments position. As a result, Ghana\u2019s economic landscape is feeling the impact, with rising costs of living and a decline in consumer purchasing power.<\/p>\n\n\n\n

Key factors contributing to the cedi’s poor performance include the country’s dependency on imported goods, debt burdens, and recent global economic shifts. Ghana relies heavily on imports for essential goods and services, making it vulnerable to exchange rate fluctuations. Additionally, high levels of external debt have necessitated ongoing debt-servicing costs, further pressuring the currency. The volatility in global commodity markets has also impacted Ghana, a major exporter of gold, cocoa, and oil. With lower-than-expected revenues from these exports, the country has struggled to maintain foreign exchange reserves, exacerbating the cedi\u2019s depreciation.<\/p>\n\n\n\n

The cedi\u2019s depreciation poses a challenge to Ghana\u2019s economic recovery and growth prospects, raising concerns among policymakers and stakeholders. To address the situation, the Bank of Ghana has implemented various measures, including raising interest rates to combat inflation and stabilize the currency. The government has also sought support from international organizations, such as the International Monetary Fund, to strengthen the economy and improve fiscal discipline. However, unless structural reforms are introduced to reduce dependency on imports and diversify the economy, Ghana\u2019s currency may continue to face downward pressures, impacting the broader economic stability of the nation.<\/p>\n\n\n

\n
\"\"
Dollar against Ghana Cedi<\/em><\/strong>.<\/figcaption><\/figure>\n<\/div>","protected":false},"excerpt":{"rendered":"

The Ghanaian cedi has emerged as one of the most challenged currencies in Sub-Saharan Africa, facing steep depreciation amid a range of economic pressures. Over<\/p>\n","protected":false},"author":123462,"featured_media":4051,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46,105,135,140,5,4,104,25],"tags":[],"class_list":["post-4050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-election-2024","category-food","category-ghana-tourism","category-inside-ghana","category-international","category-news","category-politics","two-columns"],"yoast_head":"\nGHANA\u2019S CEDI: ONE OF THE WORST-PERFORMING CURRENCIES IN SUB-SAHARAN AFRICA - Storyline<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GHANA\u2019S CEDI: ONE OF THE WORST-PERFORMING CURRENCIES IN SUB-SAHARAN AFRICA - Storyline\" \/>\n<meta property=\"og:description\" content=\"The Ghanaian cedi has emerged as one of the most challenged currencies in Sub-Saharan Africa, facing steep depreciation amid a range of economic pressures. Over\" \/>\n<meta property=\"og:url\" content=\"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/\" \/>\n<meta property=\"og:site_name\" content=\"Storyline\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-18T17:49:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/storylinegh.com\/wp-content\/uploads\/2024\/10\/image-13.png\" \/>\n\t<meta property=\"og:image:width\" content=\"905\" \/>\n\t<meta property=\"og:image:height\" content=\"521\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Anita Frimpomaa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anita Frimpomaa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/\"},\"author\":{\"name\":\"Anita Frimpomaa\",\"@id\":\"https:\/\/storylinegh.com\/#\/schema\/person\/74ba744fc856911b2ce26f76e549f8f6\"},\"headline\":\"GHANA\u2019S CEDI: ONE OF THE WORST-PERFORMING CURRENCIES IN SUB-SAHARAN AFRICA\",\"datePublished\":\"2024-10-18T17:49:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/\"},\"wordCount\":306,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/storylinegh.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/storylinegh.com\/wp-content\/uploads\/2024\/10\/image-13.png\",\"articleSection\":[\"Business\",\"Election 2024\",\"Food\",\"Ghana Tourism\",\"Inside Ghana\",\"International\",\"News\",\"Politics\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/\",\"url\":\"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/\",\"name\":\"GHANA\u2019S CEDI: ONE OF THE WORST-PERFORMING CURRENCIES IN SUB-SAHARAN AFRICA - Storyline\",\"isPartOf\":{\"@id\":\"https:\/\/storylinegh.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/storylinegh.com\/wp-content\/uploads\/2024\/10\/image-13.png\",\"datePublished\":\"2024-10-18T17:49:47+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/#primaryimage\",\"url\":\"https:\/\/storylinegh.com\/wp-content\/uploads\/2024\/10\/image-13.png\",\"contentUrl\":\"https:\/\/storylinegh.com\/wp-content\/uploads\/2024\/10\/image-13.png\",\"width\":905,\"height\":521},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/storylinegh.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GHANA\u2019S CEDI: ONE OF THE WORST-PERFORMING CURRENCIES IN SUB-SAHARAN AFRICA\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/storylinegh.com\/#website\",\"url\":\"https:\/\/storylinegh.com\/\",\"name\":\"Storyline\",\"description\":\"Latest on news trends and analysis\",\"publisher\":{\"@id\":\"https:\/\/storylinegh.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/storylinegh.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/storylinegh.com\/#organization\",\"name\":\"StoryLine\",\"url\":\"https:\/\/storylinegh.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/storylinegh.com\/#\/schema\/logo\/image\/\",\"url\":\"http:\/\/storylinegh.com\/wp-content\/uploads\/2020\/06\/StoryLine-Logo_Full.png\",\"contentUrl\":\"http:\/\/storylinegh.com\/wp-content\/uploads\/2020\/06\/StoryLine-Logo_Full.png\",\"width\":600,\"height\":480,\"caption\":\"StoryLine\"},\"image\":{\"@id\":\"https:\/\/storylinegh.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/storylinegh.com\/#\/schema\/person\/74ba744fc856911b2ce26f76e549f8f6\",\"name\":\"Anita Frimpomaa\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/storylinegh.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/aa32f00facdf801e537b54b67f2820ae8d763be0c65761ad806db4afe2ef71f9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/aa32f00facdf801e537b54b67f2820ae8d763be0c65761ad806db4afe2ef71f9?s=96&d=mm&r=g\",\"caption\":\"Anita Frimpomaa\"},\"sameAs\":[\"http:\/\/storylinegh.com\"],\"url\":\"https:\/\/storylinegh.com\/index.php\/author\/editor\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GHANA\u2019S CEDI: ONE OF THE WORST-PERFORMING CURRENCIES IN SUB-SAHARAN AFRICA - Storyline","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/","og_locale":"en_US","og_type":"article","og_title":"GHANA\u2019S CEDI: ONE OF THE WORST-PERFORMING CURRENCIES IN SUB-SAHARAN AFRICA - Storyline","og_description":"The Ghanaian cedi has emerged as one of the most challenged currencies in Sub-Saharan Africa, facing steep depreciation amid a range of economic pressures. Over","og_url":"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/","og_site_name":"Storyline","article_published_time":"2024-10-18T17:49:47+00:00","og_image":[{"width":905,"height":521,"url":"https:\/\/storylinegh.com\/wp-content\/uploads\/2024\/10\/image-13.png","type":"image\/png"}],"author":"Anita Frimpomaa","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Anita Frimpomaa","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/#article","isPartOf":{"@id":"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/"},"author":{"name":"Anita Frimpomaa","@id":"https:\/\/storylinegh.com\/#\/schema\/person\/74ba744fc856911b2ce26f76e549f8f6"},"headline":"GHANA\u2019S CEDI: ONE OF THE WORST-PERFORMING CURRENCIES IN SUB-SAHARAN AFRICA","datePublished":"2024-10-18T17:49:47+00:00","mainEntityOfPage":{"@id":"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/"},"wordCount":306,"commentCount":0,"publisher":{"@id":"https:\/\/storylinegh.com\/#organization"},"image":{"@id":"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/#primaryimage"},"thumbnailUrl":"https:\/\/storylinegh.com\/wp-content\/uploads\/2024\/10\/image-13.png","articleSection":["Business","Election 2024","Food","Ghana Tourism","Inside Ghana","International","News","Politics"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/","url":"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/","name":"GHANA\u2019S CEDI: ONE OF THE WORST-PERFORMING CURRENCIES IN SUB-SAHARAN AFRICA - Storyline","isPartOf":{"@id":"https:\/\/storylinegh.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/#primaryimage"},"image":{"@id":"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/#primaryimage"},"thumbnailUrl":"https:\/\/storylinegh.com\/wp-content\/uploads\/2024\/10\/image-13.png","datePublished":"2024-10-18T17:49:47+00:00","breadcrumb":{"@id":"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/#primaryimage","url":"https:\/\/storylinegh.com\/wp-content\/uploads\/2024\/10\/image-13.png","contentUrl":"https:\/\/storylinegh.com\/wp-content\/uploads\/2024\/10\/image-13.png","width":905,"height":521},{"@type":"BreadcrumbList","@id":"https:\/\/storylinegh.com\/index.php\/2024\/10\/18\/ghanas-cedi-one-of-the-worst-performing-currencies-in-sub-saharan-africa\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/storylinegh.com\/"},{"@type":"ListItem","position":2,"name":"GHANA\u2019S CEDI: ONE OF THE WORST-PERFORMING CURRENCIES IN SUB-SAHARAN AFRICA"}]},{"@type":"WebSite","@id":"https:\/\/storylinegh.com\/#website","url":"https:\/\/storylinegh.com\/","name":"Storyline","description":"Latest on news trends and analysis","publisher":{"@id":"https:\/\/storylinegh.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/storylinegh.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/storylinegh.com\/#organization","name":"StoryLine","url":"https:\/\/storylinegh.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/storylinegh.com\/#\/schema\/logo\/image\/","url":"http:\/\/storylinegh.com\/wp-content\/uploads\/2020\/06\/StoryLine-Logo_Full.png","contentUrl":"http:\/\/storylinegh.com\/wp-content\/uploads\/2020\/06\/StoryLine-Logo_Full.png","width":600,"height":480,"caption":"StoryLine"},"image":{"@id":"https:\/\/storylinegh.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/storylinegh.com\/#\/schema\/person\/74ba744fc856911b2ce26f76e549f8f6","name":"Anita Frimpomaa","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/storylinegh.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/aa32f00facdf801e537b54b67f2820ae8d763be0c65761ad806db4afe2ef71f9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/aa32f00facdf801e537b54b67f2820ae8d763be0c65761ad806db4afe2ef71f9?s=96&d=mm&r=g","caption":"Anita Frimpomaa"},"sameAs":["http:\/\/storylinegh.com"],"url":"https:\/\/storylinegh.com\/index.php\/author\/editor\/"}]}},"_links":{"self":[{"href":"https:\/\/storylinegh.com\/index.php\/wp-json\/wp\/v2\/posts\/4050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/storylinegh.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/storylinegh.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/storylinegh.com\/index.php\/wp-json\/wp\/v2\/users\/123462"}],"replies":[{"embeddable":true,"href":"https:\/\/storylinegh.com\/index.php\/wp-json\/wp\/v2\/comments?post=4050"}],"version-history":[{"count":1,"href":"https:\/\/storylinegh.com\/index.php\/wp-json\/wp\/v2\/posts\/4050\/revisions"}],"predecessor-version":[{"id":4052,"href":"https:\/\/storylinegh.com\/index.php\/wp-json\/wp\/v2\/posts\/4050\/revisions\/4052"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/storylinegh.com\/index.php\/wp-json\/wp\/v2\/media\/4051"}],"wp:attachment":[{"href":"https:\/\/storylinegh.com\/index.php\/wp-json\/wp\/v2\/media?parent=4050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/storylinegh.com\/index.php\/wp-json\/wp\/v2\/categories?post=4050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/storylinegh.com\/index.php\/wp-json\/wp\/v2\/tags?post=4050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}