The Ghanaian cedi faced a substantial 1.22% depreciation against the US dollar in the retail market last week, with the exchange rate now standing at ¢12.30 for every $1. In addition to its dip against the dollar, the Cedi experienced losses of 0.63% and 0.19% against the pound and euro, respectively, on the retail market. Interestingly, this occurred despite Ghana’s ...
During the initial week of 2024, the Ghanaian cedi exhibited unwavering stability against the US dollar, retaining its position at an exchange rate of ¢12.20. This consistency was mirrored across both the retail and interbank markets, where the cedi sustained its value against the dollar. However, the cedi experienced marginal declines against other major currencies, witnessing a 0.49% decrease against ...