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Ghana's local currency, the cedi, has appreciated slightly on the interbank market against major trading currencies, particularly the US dollar. In its daily update, the Bank of Ghana noted that the ...

The cedi opened the first trading Monday of the new year at an average selling rate of GH¢10.5053 to the US dollar on the Bank of Ghana’s interbank foreign exchange market.

The cedi’s strength waned recently, with expert Samuel Asiamah linking it to policy support, reserve buffers, and short-term inflows The cedi could trade between GH¢10 and GH¢13 per USD by December ...