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Dollar demand pressures ease, as cedi gains 0.21% in value last week
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The Ghana cedi strengthened in value against the US dollar last week as demand pressures for the American greenback ease.
The local currency gained 0.21% against the dollar despite an injection of $1.3 million in the spot market by the Bank of Ghana. This consequently narrowed its year-to-date loss to a little above 14%.
It however lost marginally to the pound and the euro. The local unit lost 0.33% week-on-week against the pound and 0.79% week-on-week against the euro.
There is an anticipated external debt restructuring before the first IMF review in September 2023, whilst the Bank of Ghana holds its last auction for Bulk Oil Distributors for the second quarter today June 27, 2023. All these are expected to contribute to the performance of the cedi in the near term.
Despite its strong performance last week, analysts expect the local currency to exhibit a mixed performance this week.
The cedi is presently going for ¢11.70 to one US dollar at the forex bureaus, whilst the Bank of Ghana quotes one dollar for ¢10.99.
Source: Myjoyonline.com
The Tema Regional Police Command has arrested a 32-year-old man for allegedly posing as a soldier and extorting money from unsuspecting members of the public at Ashaiman.
The suspect, identified as Bright Atsu Kudiabor, was arrested by the Ashaiman Police on Wednesday, September 16, 2026, at about 7:00 a.m.
According to the Police, he was arrested at an area known as “I Shall Return”, where he was allegedly parading himself as a soldier and demanding money from people.
The Police said Kudiabor, who is an ex-convict, was initially arrested by personnel of the Ghana National Fire Service in Ashaiman with assistance from other members of the public.
A search conducted on him after he was handed over to the Police reportedly led to the recovery of a set of military camouflage uniform.
The suspect is currently in Police custody and assisting with investigations.
The Tema Regional Police Command said he would be processed for court after investigations are completed.
The Police urged the public to remain vigilant and report anyone who falsely presents themselves as a soldier or a member of another security agency to deceive or extort money from the public.
By: Jacob Aggrey
Volta Regional Minister, James Gunu, says the Volta Region holds enormous agricultural potential and efforts must be geared towards connecting farmers to the needed resources to unlock that potential.
He said focus must be on linking farmers to resources, technology, financing and markets to increase production, create jobs and build sustainable livelihoods.
Hon. Gunu made the remarks at the national launch of the Ghana Tomato Self-Sufficiency Initiative (GHATSI) held at Anloga in the Volta Region on Tuesday, September 15.
The initiative, under the theme “Produce at Home. Feed the Nation. Export the Surplus,” seeks to boost local tomato production, processing and marketing while reducing Ghana’s heavy reliance on imported tomatoes.
The launch was attended by the Minister for Food and Agriculture, Eric Opoku, his Deputy, John Setor Dumelo, Feed Ghana Coordinator, Bright Demordzi, Members of Parliament, traditional leaders, MMDCEs, farmers and other stakeholders.
Mr.Gunu expressed appreciation to the Minister for Food and Agriculture for the support announced for the region, including two excavators, 200 cartons of organic fertiliser, and GH¢200,000 for Ms. Kuatudzo Esther Dela, a tomato farmer and processor from Ziope.
He described the initiative as an important step towards making agriculture a stronger driver of food security, job creation and economic growth in the Volta Region.
By Edem Mensah-Tsotorme
