Ghana news briefing
Cedi slides again as dollar demand outpaces supply, depreciation hits 8.89%
The Ghana cedi has come under renewed pressure as demand for foreign exchange continues to outstrip market supply, pushing the local currency into further depreciation.01 billion into the foreign exchange market to meet demand and support stability.
Checks by JOYBUSINESS show that the Bank of Ghana increased its weekly foreign exchange auction to $220 million last week.
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