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Business News of Tuesday, 5 November 2024

    

Source: www.ghanaweb.live

Ghana’s cedi falls to GH¢17.10 per dollar amid high demand

Cedi and dollar notes Cedi and dollar notes

In October 2024, the Ghanaian cedi experienced a 3.95% loss against the U.S. dollar, marking a significant decline and bringing its year-to-date depreciation to nearly 29%.

This comes despite assurances from the Bank of Ghana's Governor, Dr. Ernest Addison, who recently suggested the currency would soon recover against the dollar. In the same week, the cedi also depreciated by 1.50% against

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