Cedi extends depreciation trend for past two weeks; one dollar equals GH¢11.85 at forex bureaus

Posted 3 hours ago by

MyJoyOnline

The Ghana cedi extended its depreciation trend over the past two weeks, but with notably milder swings. The local currency recorded volatility of approximately 0.5 compared to a historical weekly average of approximately 2.1. In the interbank market, the Ghana cedi weakened by 0.54 to a mid-rate of GH¢11.09 against the dollar, while the pound []