• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Potential Trump Presidency in 2025 to Put Pressure on Cedi, Says Fitch Solutions

1 year ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
473
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Potential Trump Presidency in 2025 to Put Pressure on Cedi, Says Fitch Solutions

Fitch Solutions has noted that a potential Trump presidency in 2025 would most likely strengthen the US dollar, thereby exerting pressure on the Cedi and other emerging market currencies.

This, Fitch Solutions averred, would prompt the BoG to adopt a more restrictive monetary policy stance than currently anticipated.

“A potential Trump presidency in 2025 would most likely strengthen the US dollar, thereby exerting pressure on emerging market currencies, including the cedi. This would prompt the BoG to adopt a more restrictive monetary policy stance than we currently anticipate,” said Fitch Solutions.

The cedi as of July 19, 2024, per Central Bank data was trading at 14.7811 to the dollar, marking a substantial 19.6% depreciation since the beginning of the year.

Additionally, the current monetary policy rate of the BoG is pegged at 29% having been maintained for three consecutive times since March this year.

An increased potential for former President Donald Trump to win this year’s election stands to boost the US dollar even as the Republican party aims to offset the currency’s strength.

RelatedPosts

The Global Push for a Just Transition in Energy Jobs

Why the IEA Reinstated Its “Business as Usual” Scenario

GRA Targets Offshore Income in Expanded Tax Compliance Drive

While former President Trump has spoken against dollar strength and proposed policies to devalue the strength of the dollar, market strategists and analysts think his policies would rather lead to a stronger dollar.

“An expansionary fiscal policy agenda in a Republican sweep outcome could boost expectations about US growth and encourage capital flows into the US. Higher US tariffs on the rest of the world could lead foreign authorities to allow depreciation of their domestic currency or weigh on economic activity abroad, making the US look more attractive in comparison,” said strategists Andrew Watrous and Zoe Strauss.

The research agency says it expects an increase in capital inflows following the conclusion of Ghana’s debt restructuring program will result in the cedi depreciating by only 6.0% in 2025, compared to 16.8% in 2024 and 24.9% in 2023.

The firm, however, pointed out that if debt restructuring negotiations extend beyond the current expectation of it being concluded in September this year, this could dampen investor sentiment and put downward pressure on the cedi.

Adding that such a scenario would likely sustain elevated inflation risks, compelling the BoG to keep rates higher for longer.

Fitch Solutions however, expects the BoG to resume monetary policy easing this year with a 2% cut in the policy rate in November with the monetary easing cycle further expected to extend into 2025, with the BoG lowering the key rate by a further 700bps to 20% by the end of the year.

 

 

Tags: cedidollarPotential Trump Presidency in 2025 to Put Pressure on Cedisays Fitch Solutions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Gold Boom Drives Rising Costs for Australian Producers

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

Premier League: Spurs Stun Man City at Etihad; Arsenal Dominates Leeds to go Top

CHAN 2024: Senegal, Sudan Complete Semifinal Lineup

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

The 10 Fastest-Growing Trading Nations in Africa

Trending

Features

The Global Push for a Just Transition in Energy Jobs

August 24, 2025

The Global Push for a Just Transition in Energy Jobs For years, energy workers from the fossil...

Why the IEA Reinstated Its “Business as Usual” Scenario

August 24, 2025

GRA Targets Offshore Income in Expanded Tax Compliance Drive

August 24, 2025

Gold Boom Drives Rising Costs for Australian Producers

August 24, 2025

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

August 24, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

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

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.