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Cedi’s year-to-date loss slumps to 4.09% as recent gains gather pace

By GhanaSummary Newsroom1 min read
Cedi’s year-to-date loss slumps to 4.09% as recent gains gather pace

The cedi’s recent strong performance against the US dollar has significantly reduced its year-to-date depreciation.

There are now strong indications that the cedi’s gains could be sustained in the coming weeks, based on fresh market data and information from the Bank of Ghana.

The currency’s improved performance has been attributed to stronger foreign exchange intermediation and market support by the Bank of Ghana.

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