At exactly 5:52 pm July 26, 2021, the Ghana Cedi made a further depreciation in value as 1 dollar is now equivalent to GH$¢6.

Ghana Cedi depreciates further as 1 dollar is now Gh¢6

What is the cedi to the Dollar exchange rate?

At the start of the year, 1 dollar was equivalent to GH¢5.45 but it has been depreciating in value as the days go by.

A simple check on Google reveals that 1 Ghana Cedis is equivalent to 6 USD in 2021.

Ghana Cedi depreciates further as 1 dollar is now Gh¢6

Meanwhile, Ghana’s total public debt stock has increased once again according to new data released by the Bank of Ghana.

The debt stock which ended the first quarter of 2021 at GH¢ 304.6 billion, increased by almost GH¢ 30 billion in April and May.

This saw Ghana’s total public debt as of the end of May 2021 rising to GH¢ 332.4.

The new debt figure brings Ghana’s debt to Gross Domestic Product (GDP) ratio to 76.6% as of the end of May.

This is the highest recorded so far in the past year, slightly higher than the debt to GDP ratio of 76.1% recorded at the end of 2020 according to data from the central ban

Gh Kabutey is a content writer, video editor and social media marketer. I promote in a new and holistic manner, Ghanaian culture [music, dance, people], news, and trends. I am a biochemist by profession.

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