Cedi: Bear Trend Resuming

The Ghanaian cedi has begun to drift lower over the past week, bringing an end to the range trading around GHS1.1500/US$ seen since the beginning of August, in our view. The stability of the currency over the past two and a half months is suggestive of central bank support, but with the pressure to the downside, and foreign currency reserves at a relatively low level, the

To read the full article, please choose one of the following options: