• About
  • Advertise With Us
  • Home
  • Privacy Policy
Monday, September 25, 2023
  • Login
Jungle Journalist Media Limited
  • NEWS
  • POLITICS
  • ECONOMY & BUSINESS
  • GAMES & SPORTS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH & FOOD
  • NIGER DELTA
  • SECURITY / MILITARY
No Result
View All Result
  • NEWS
  • POLITICS
  • ECONOMY & BUSINESS
  • GAMES & SPORTS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH & FOOD
  • NIGER DELTA
  • SECURITY / MILITARY
No Result
View All Result
Jungle Journalist Media Limited
No Result
View All Result
  • NEWS
  • POLITICS
  • ECONOMY & BUSINESS
  • GAMES & SPORTS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH & FOOD
  • NIGER DELTA
  • SECURITY / MILITARY

Home » BREAKING » BREAKING: Ghana beats Nigeria, as it’s currency becomes worst performing currency in the world

BREAKING: Ghana beats Nigeria, as it’s currency becomes worst performing currency in the world

by Jungle Journalist
October 20, 2022
21
SHARES
214
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp



The Ghanaian cedi has become the worst-performing currency in the world after it lost 45.1 percent of its value to the US dollar in 2022.

The cedi depreciated 3.3 percent on Monday, down 11.2750 per dollar in the Ghanaian capital city, in response to the government’s talks with the International Monetary Fund (IMF) that may involve debt restructuring.

A Bloomberg report said the cedi’s poor performance against the dollar makes it the worst among 148 currencies tracked.

The Ghanaian monetary authorities are in formal negotiations with the IMF for an extended credit facility as the West African country hopes to receive up to $3 billion in loans over three years in a bid to stabilize balance of payments.

With the slide, the Ghanaian currency has overtaken the losses of the Sri Lankan rupee, which slumped nearly 45% against the United States’ dollar this year amid socio-economic challenges.

Ghana recently began talks with the IMF for a bailout programme to restore macro-economic stability as spiraling inflation triggered street protests against price hikes, taxes and other levies.

According to reports, holdings by foreign investors in the Ghanaian government’s domestic and corporate bonds fell to 12.3% at the end of August, with the nation’s domestic bonds currently trading at an average yield of 41.9%, the highest in emerging markets.

In September, the Hanke Currency Watchlist listed the Cedi—along with the Nigerian naira—as one of the worst-performing currencies in Africa in 2022. According to John Hanke, a professor of Applied Economics at the John Hopkins University, the currencies suffered massive devaluations against the US dollar since January 2020.

While the Cedi ranked fifth on the list, the Nigerian naira ranked 4th on in Africa and 11th globally as the currency’s value was said to have depreciated against the USD by 48.87% since Jan 2020.

ReadAlso

Naira continues to fall as forex demand picks up

Ghana says travel advisory against Nigeria unauthorized, withdraws directive

Tags: cedidollarsGhananairaNi
Share8Tweet5Send
Previous Post

If I Were Not In PDP, I Would Work For Peter Obi – Ortom

Next Post

Zenith Bank Customers Lose N450,000, N400,000, N1.527m, In Fraudulent Transactions As Bank Fails To Block Cards

You MayAlso Like

NATIONAL

Enugu APC youth wing agog as top activist Odogwu Na Nkanu joins with thousands of youths 

September 25, 2023
EDUCATION

We didn’t ask lawyer to breach Consent Judgment between Tansian University and Chief Ezeonwuka Tansian Varsity owners 

September 25, 2023
NATIONAL

‘I’m sorry’ — Edo Deputy Gov Phillip Shaibu begs Obaseki for forgiveness

September 22, 2023
NATIONAL

Labour Party’s Candidate Edeoga Rejects Tribunal Judgment Affirming Mbah as Enugu Governor

September 22, 2023
BUILDING & PROPERTIES

Nigeria Nyesom Wike Revokes Peter Obi’s Plot, 167 Others In Abuja 

September 22, 2023
NATIONAL

Abia Govt Serves Perm Secs, Directors, Retirement Notice 

September 22, 2023
Next Post

Zenith Bank Customers Lose N450,000, N400,000, N1.527m, In Fraudulent Transactions As Bank Fails To Block Cards

Discussion about this post

Recent Posts

  • Enugu APC youth wing agog as top activist Odogwu Na Nkanu joins with thousands of youths 
  • We didn’t ask lawyer to breach Consent Judgment between Tansian University and Chief Ezeonwuka Tansian Varsity owners 
  • ‘I’m sorry’ — Edo Deputy Gov Phillip Shaibu begs Obaseki for forgiveness
  • Labour Party’s Candidate Edeoga Rejects Tribunal Judgment Affirming Mbah as Enugu Governor
  • Nigeria Nyesom Wike Revokes Peter Obi’s Plot, 167 Others In Abuja 
ADVERTISEMENT

Recent Comments

  • Ogbuenyi Sunday on Anambra police arrest river-bathing prophet ‘Onye Eze Jesus’
  • Stephen CE on List of international stars who have joined #EndSARS/#EndSWAT and what they said

Trending

BREAKING: Enugu Governorship Tribunal Dismisses Chijioke Edeoga’s Petitions Against Peter Mbah 

BREAKING: Ghana beats Nigeria, as it’s currency becomes worst performing currency in the world

More Troubles For Tansian University As Turkey Contractor Says School Duped Him Of ₦430m

ADVERTISEMENT

Breaking: Chijioke Edeoga congratulates Gov Mbah after Tribunal defeat

SEE VIDEO: Ikorodu Boys Allegedly Burn Down Naira Marley’s House Over Mohbad’s Death

ENUGU: Comm For Lands Inaugurates Committee On Illegal Structures, Open Spaces, Unmonetized Properties/Houses 

Why I will sustain my beard, dreadlocks, earrings as head of church — Pastor Jimmy Odukoya

Protesters hit the streets in 3 states over Mohbad’s death

CSO accuses opposition of sponsoring fake news about kidnapping in Enugu

Sit-at-home: Police, soldiers kill 6 suspected IPOB, ESN men in Enugu & Abia 

    ADVERTISEMENT

    Popular Stories

    • BREAKING: Gunmen Take Over Onitsha-Owerri Road, Set Over 10 Vehicles, Goods Worth Billions Ablaze

      2734 shares
      Share 1094 Tweet 684
    • JUST IN: CBN Governor, Godwin Emefiele sacked

      1809 shares
      Share 724 Tweet 452
    • BREAKING: Finland police arrests Simon Ekpa 

      999 shares
      Share 400 Tweet 250
    • BREAKING: IReV Portal Shows Labour Party Won 19 States Plus FCT, PDP 8, APC 7, NNPP 2 States—Baba-Ahmed

      643 shares
      Share 257 Tweet 161
    • NEWS FLASH: Peter Mbah of PDP cruising to victory, wins 14 LGAs in Enugu guber polls 

      530 shares
      Share 212 Tweet 133
    • JUST IN: Daughter of Benin billionaire/CEO of Uyi Technical commits suicide

      482 shares
      Share 193 Tweet 121

    ABOUT US

    Jungle Journalist Media Limited

    Jungle Journalist Media Limited

    Jungle Journalist is an online news and information resource centre dedicated to accurate and timely news reports.

    Read More >>

    CONNECT WITH US

    SECTIONS

    • AGRICULTURE
    • BIZARRE
    • BREAKING
    • BUILDING & PROPERTIES
    • COLUMNIST
    • COMMUNITY REPORTS
    • ECONOMY & BUSINESS
    • EDUCATION
    • ELECTRICITY
    • ENTERTAINMENT
    • GAMES & SPORTS
    • HEALTH & FOOD
    • HOLIDAYS
    • INDIGENOUS REPORTS
    • INTERNATIONAL / DIASPORA
    • LAW & HUMAN RIGHTS
    • LEGISLATION
    • MEDIA INDUSTRY
    • MONEY & BANKING
    • NATIONAL
    • NEWS
    • NIGER DELTA
    • NORTH
    • OBITUARY
    • OIL & GAS
    • OPINION
    • PHOTOS / VIDEOS
    • POLICE / CRIME
    • POLITICS
    • RELIGION & WORSHIP
    • SCIENCE / TECHNOLOGY
    • SECURITY / MILITARY
    • SOCIAL MEDIA
    • SOUTH-EAST
    • SOUTH-SOUTH
    • SOUTH-WEST
    • TRADITION & CULTURE
    • TRANSPORT & AVIATION
    • WOMEN & CHILDREN
    • YOUTH
    No Result
    View All Result

    NEWS SOURCES

  • Punch
  • Nigerian Tribune
  • The Nation
  • Thisday
  • DailyTrust
  • The Sun
  • Daily Independent
  • PM News
  • Vanguard
  • Premium Times
  • Sahara Reporters
  • The Guardian
  • Leadership
  • Daily Times Of Nigeria
    • About
    • Advertise With Us
    • Privacy Policy

    © 2021 Jungle Journalist Media Limited - Web Designed by AfeesHost.

    No Result
    View All Result
    • NEWS
    • POLITICS
    • ECONOMY & BUSINESS
    • GAMES & SPORTS
    • EDUCATION
    • ENTERTAINMENT
    • HEALTH & FOOD
    • NIGER DELTA
    • SECURITY / MILITARY

    © 2021 Jungle Journalist Media Limited - Web Designed by AfeesHost.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In