Ghana�s cedi headed for its longest losing streak against the dollar in more than three months as manufacturers and telecommunications companies bought dollars.
The currency of the world�s second-biggest cocoa producer depreciated 0.1 percent to 1.7088 per dollar as of 1:37 p.m. in Accra, the capital, a fourth day of declines, the worst run since Nov. 29, according to data compiled by Bloomberg.
�Manufacturing and telecommunications companies sought the dollar today to import raw material and equipment,� Kobla Nyaletey, a currency trader at the Ghanaian unit of Barclays Bank Plc, said by phone today. �There were no major sellers on the market today.�
Source: GNA
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