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The Ghana Cedi Has Emerged Best Currency In Africa For The First Quarter Of 2021 - Business - Nairaland

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MTN Nigeria Reports ₦‎575.69 Billion Pre-Tax Loss In First Quarter Of 2024 / Ghana’s Cedi Is The Year’s Biggest Winner Against The U.S. Dollar / Is The Ghana Cedi Stronger Than The Naira? (2) (3) (4)

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The Ghana Cedi Has Emerged Best Currency In Africa For The First Quarter Of 2021 by Kbroker: 12:54pm On Apr 04, 2021
The Ghana cedi has emerged best currency in Africa for the first quarter of 2021. This year's first-quarter performance of the Ghana cedi against the dollar is similar to its 2020 performance.

The Ghana cedi was ranked among 15 important African currencies including the Egyptian pound, Nigerian naira and South African rand.

A Senior Economic Analyst at Databank Research, Courage Martey, is reported to have told Joy Business that “the Ghana cedi ended the first quarter of 2021 with yet another impressive performance, similar to what it did in the first quarter of 2020. You will recall that in the first quarter of 2020, the local currency ended the quarter with an appreciation of almost 1.7% against the US dollar and that made it the second most resilient currency in our basket of 15 African currencies, only behind the Egyptian pound.”

He is further quoted as saying “it is quite impressive, against the fact that the pandemic has not yet given way so there is still so much uncertainties within the global financial market space”.

“Immense thanks to the Bank of Ghana's intervention measures, particularly on the FX forward market but the significant inflows of foreign portfolio investments into the bond market especially during the course of this year has been significantly supportive of the Ghana cedi to put up the kind of performance we are seeing in the first quarter of 2021”.

Performance

Ghana cedi 0.55%
Egyptian pound 0.18%
Nigerian naira 0.00%
Tanzania shilling 0.00%
Kenya shilling -0.31%

Source: https://www.pulse.com.gh/business/ghana-cedi-emerges-best-african-currency-for-1st-quarter-of-2021/rlsnj0m
Re: The Ghana Cedi Has Emerged Best Currency In Africa For The First Quarter Of 2021 by maiiilooo(m): 12:57pm On Apr 04, 2021
Giant of Africa ma yansh..

1 Like

Re: The Ghana Cedi Has Emerged Best Currency In Africa For The First Quarter Of 2021 by Xscape1993(m): 12:57pm On Apr 04, 2021
Ghana Cedi?
Re: The Ghana Cedi Has Emerged Best Currency In Africa For The First Quarter Of 2021 by ThumbzTNA(m): 12:59pm On Apr 04, 2021
Naira is useless like our president

1 Like

Re: The Ghana Cedi Has Emerged Best Currency In Africa For The First Quarter Of 2021 by Babzrockman: 1:01pm On Apr 04, 2021
Nigeria 0.00% grin
Re: The Ghana Cedi Has Emerged Best Currency In Africa For The First Quarter Of 2021 by Baawaa(m): 1:05pm On Apr 04, 2021
And naira is depreciating every day,God destroy all the enemies of this nation

1 Like

Re: The Ghana Cedi Has Emerged Best Currency In Africa For The First Quarter Of 2021 by MAXIMAL123(m): 1:05pm On Apr 04, 2021
Ghana is becoming one of the surest country to run to by Nigerian now
Re: The Ghana Cedi Has Emerged Best Currency In Africa For The First Quarter Of 2021 by Nigeriabiafra82: 1:09pm On Apr 04, 2021
Naira now

Re: The Ghana Cedi Has Emerged Best Currency In Africa For The First Quarter Of 2021 by LeeSantos(m): 1:10pm On Apr 04, 2021
wait....
Re: The Ghana Cedi Has Emerged Best Currency In Africa For The First Quarter Of 2021 by OBALOLA55(m): 1:16pm On Apr 04, 2021
Nigeriabiafra82:
Naira now
YOU MEAN
Re: The Ghana Cedi Has Emerged Best Currency In Africa For The First Quarter Of 2021 by notym2chektym: 1:45pm On Apr 04, 2021
Nigerian naira 0.00% the naira don die like this
Re: The Ghana Cedi Has Emerged Best Currency In Africa For The First Quarter Of 2021 by Perkinkis: 1:45pm On Apr 04, 2021
Imagine Ghana that is almost the same population as Lagos.
Re: The Ghana Cedi Has Emerged Best Currency In Africa For The First Quarter Of 2021 by kingjoe(m): 2:51pm On Apr 04, 2021
Please what is the cost of living in ghana like?
How much is the value compared to dollar.
An average three bedroom flat in portharcourt is 600k.in middle class areas.
What is the equivalent in a city in ghana like kumasi.
An average meal of garri in ph is about 600naira.with one meat at a bukka.
A bag of rice is 28k in nigeria.
Please ghana residents give me it's equivalent.I want to check something.
Re: The Ghana Cedi Has Emerged Best Currency In Africa For The First Quarter Of 2021 by Muhylonaire007: 3:40pm On Apr 04, 2021
kingjoe:
Please what is the cost of living in ghana like?
How much is the value compared to dollar.
An average three bedroom flat in portharcourt is 600k.in middle class areas.
What is the equivalent in a city in ghana like kumasi.
An average meal of garri in ph is about 600naira.with one meat at a bukka.
A bag of rice is 28k in nigeria.
Please ghana residents give me it's equivalent.I want to check something.

Until they wake up one day and start chanting "Nigeria must go" grin grin

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