{"id":55180,"date":"2022-11-15T07:26:32","date_gmt":"2022-11-15T07:26:32","guid":{"rendered":"https:\/\/www.kumasionlinegh.com\/?p=55180"},"modified":"2022-11-15T07:26:36","modified_gmt":"2022-11-15T07:26:36","slug":"negative-sentiments-around-cedi-to-persist-until-visibility-of-ongoing-imf-negotiations-report","status":"publish","type":"post","link":"https:\/\/www.kumasionlinetv.com\/?p=55180","title":{"rendered":"<strong>Negative sentiments around cedi to persist until visibility of ongoing IMF negotiations \u2013 Report<\/strong>"},"content":{"rendered":"\n<p>The negative sentiments around the cedi would persist until there is visibility on Ghana\u2019s ongoing negotiations with the International Monetary Fund, Databank Research has revealed.<\/p>\n\n\n\n<p>Again, the possible delays in the 2023 budget presentation, owing to the government\u2019s keenness on capturing the IMF deal in the budget, will further quiver investor confidence, breeding uncertainties in the market.<\/p>\n\n\n\n<p>The cedi witnessed renewed depreciatory pressures last week after seeing some stability in the previous week.<\/p>\n\n\n\n<p>It weakened across its major trading pairs, posting a weekly depreciation of 3.79% against the dollar and 7.03% against the pound in the retail market.<\/p>\n\n\n\n<p>It also depreciated by 7.67% against the euro in the retail market.<\/p>\n\n\n\n<p>\u201cWe expect the negative sentiments around the cedi to persist until there is visibility on Ghana\u2019s ongoing negotiations with the IMF.<\/p>\n\n\n\n<p>The cedi witnessed renewed depreciatory pressures last week after seeing some stability in the previous week, trading at a bid\/ask rate of \u00a213.07\/\u00a213.08 to the US dollar on the interbank market and \u00a214.20\/\u00a214.80 in the retail market.<\/p>\n\n\n\n<p>In the 16th Forex Forward Auction for the Bulk Oil Distribution Companies, the Bank of Ghana received and allocated $60 million at a 30-day forward rate of \u00a213.3138 per dollar.<\/p>\n\n\n\n<p>This is against \u00a213.2474\/US$ in the previous auction, signaling intense demand pressures<\/p>\n\n\n\n<p><strong>SEND A STORY:<\/strong>\u00a0Do you have a story for us or need a promotion \/ advertisement? Submit them via our email\u00a0<strong><a href=\"mailto:dannyboy744@gmail.com\">dannyboy744@gmail.com<\/a>\u00a0and via on +233 266777777<\/strong><\/p>\n\n\n\n<div class=\"wp-block-jetpack-instagram-gallery\"><a href=\"https:\/\/www.instagram.com\/kumasionlinetv\/\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/www.instagram.com\/kumasionlinetv\/<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The negative sentiments around the cedi would persist until there is visibility on Ghana\u2019s ongoing negotiations with the International Monetary Fund, Databank Research has revealed. Again, the possible delays in the 2023 budget presentation, owing to the government\u2019s keenness on capturing the IMF deal in the budget, will further quiver investor confidence, breeding uncertainties in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":55182,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"iawp_total_views":1,"footnotes":""},"categories":[41],"tags":[],"class_list":["post-55180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Negative sentiments around cedi to persist until visibility of ongoing IMF negotiations \u2013 Report - Kumasi Online TV<\/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:\/\/www.kumasionlinetv.com\/?p=55180\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Negative sentiments around cedi to persist until visibility of ongoing IMF negotiations \u2013 Report - Kumasi Online TV\" \/>\n<meta property=\"og:description\" content=\"The negative sentiments around the cedi would persist until there is visibility on Ghana\u2019s ongoing negotiations with the International Monetary Fund, Databank Research has revealed. Again, the possible delays in the 2023 budget presentation, owing to the government\u2019s keenness on capturing the IMF deal in the budget, will further quiver investor confidence, breeding uncertainties in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.kumasionlinetv.com\/?p=55180\" \/>\n<meta property=\"og:site_name\" content=\"Kumasi Online TV\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-15T07:26:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-15T07:26:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.kumasionlinetv.com\/wp-content\/uploads\/2022\/11\/Dollar-and-cedi-1024x595-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"595\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Kumasi Online\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kumasi Online\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/?p=55180#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/?p=55180\"},\"author\":{\"name\":\"Kumasi Online\",\"@id\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/#\\\/schema\\\/person\\\/71129f20b230eb698b6e82454423d7de\"},\"headline\":\"Negative sentiments around cedi to persist until visibility of ongoing IMF negotiations \u2013 Report\",\"datePublished\":\"2022-11-15T07:26:32+00:00\",\"dateModified\":\"2022-11-15T07:26:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/?p=55180\"},\"wordCount\":250,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/?p=55180#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/Dollar-and-cedi-1024x595-1.png\",\"articleSection\":[\"BUSINESS\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.kumasionlinetv.com\\\/?p=55180#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/?p=55180\",\"url\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/?p=55180\",\"name\":\"Negative sentiments around cedi to persist until visibility of ongoing IMF negotiations \u2013 Report - 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