Cedi keeps falling; depreciates by 13.35% so far

The Ghanaian cedi has continued its downward slide against major foreign currencies, with corporate demand driving its depreciation. Year-to-date, the cedi has lost 13.35% of its value against the US dollar, now averaging GH¢14.10 to a dollar across forex bureaus. Additionally, it has weakened significantly against the euro and the pound. Last week, the Central…

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