<< Back             Poser >> Cedi appreciates against US dollar from GH¢11.75 – GH¢10.94 in one week  The Ghana cedi appreciated significantly against the United States dollar over the past week, strengthening from an interbank buying rate of GH¢11.75 on August 10 to GH¢10.94 on August 17, according to Bank of Ghana daily exchange rate data.  The development represents an appreciation of about 6.9 per cent against the dollar within seven days.  Bank of Ghana data showed that the dollar’s interbank buying rate initially rose marginally to GH¢11.7641 on August 11 before declining to GH¢11.73 on August 12.  The cedi then strengthened further, with the dollar’s buying rate falling to GH¢11.34 on August 13 and GH¢10.97 on August 14.  By August 17, the first trading day after the weekend, the rate had declined further to GH¢10.94, its lowest level during the period under review.  The dollar’s interbank selling rate followed a similar trend, falling from GH¢11.77 on August 10 to GH¢10.96 on August 17.  The cedi also appreciated against other major international currencies during the period.  The pound sterling’s interbank buying rate fell from GH¢15.86 on August 10 to GH¢14.83 on August 17, while the euro declined from GHS13.59 to GH¢12.67.  The data further showed relatively narrow buying and selling spreads across the major currencies, pointing to stable conditions in the interbank foreign exchange market.  The latest figures underscore the cedi’s broad-based appreciation against the dollar, pound sterling and euro during the week under review.  Source: GNA Ghana Business News	Food inflation rate rises 5th consecutive month to 20.31% By Elizabeth Adegbesan Nigeria’s food inflation rate rose significantly by 2.79 percentage points to 20.31 percent in July from 17.52 percent in June, representing the fifth consecutive month’s rise since March 2026. The 20 percent threshold in food inflation rate was last recorded in February 2021. The National Bureau of Statistics, NBS, disclosed this yesterday in its […] HBM Nigeria’s profit rises 57% to N208bn in H1’26 By Peter Egwuatu HBM Nigeria Plc, formerly Lafarge Africa Plc, recorded a 57 per cent increase in profit after tax (PAT) to N208 billion in the first half of 2026 (H1’26), from N132.677 billion recorded in the corresponding period of 2025. The cement manufacturer, in its financial results released on the Nigerian Exchange Limited (NGX), also […] How 24 firms control over 70% of Nigeria’s stock market Twenty-four companies have emerged as the most valuable stocks on the Nigerian Exchange Limited (NGX) year-to-date (YtD) as of August 17, 2026, collectively accounting for 74.8 per cent of the total market capitalisation of the equities market. Ghana government shifts economic focus from stability to growth, jobs – Minister Mr Thomas Nyarko Ampem, Deputy Minister of Finance, says the government is shifting its economic focus from restoring macroeconomic stability to translating the gains into higher investment, production, exports and quality jobs. Nigeria-China trade hits $18bn in H1’26 Nigeria’s aquatic products have secured zero-tariff access to China’s market of about 1.4 billion consumers under a new protocol, as bilateral trade between both countries reaches $18 billion in the first half of 2026 (H1’26). The development is expected to boost Nigerian exports and foreign exchange earnings, with Chinese Ambassador to Nigeria, Yu Dunhai, disclosing that […] Cedi appreciates against US dollar from GH¢11.75 – GH¢10.94 in one week  The Ghana cedi appreciated significantly against the United States dollar over the past week, strengthening from an interbank buying rate of GH¢11.75 on August 10 to GH¢10.94 on August 17, according to Bank of Ghana daily exchange rate data.