Home   >   Business   >   Economy   >   201305
Ghana Cedi Depreciates By 4% To US Dollar   
 
  << Prev  |  Next >>
 
08-May-2013  
Comments ( 0 )     Email    Print
       
 
 
 
 
 
Related Stories
 
The Ghana Cedi neared a four percent depreciation to the US Dollar on Tuesday as demand by importers continued to rise.

The local currency declined in value by 0.4 to the American currency last week.

West Africas worst performing currency; the Ghana Cedi has been projected to depreciate by about 5 percent this year.

This means it will trade at two cedis to a dollar by the end of December.

Analysts expect the Central Bank to reinforce the exchange rate policy and liquidity management efforts to the local currency.
 
 
Source: radioxyzonline
 
 

Comments ( 0 ): Post Your Comments >>

 
 
 
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
 
 
Featured Video