Analysis and market intelligence on fixed income, forex and equities in Asia, EMEA and Latin America

Economy / Ghana

Cedi To GHS1.5000/US$ By End-09

January 2009 | Market Strategy

BMI View: The Ghanaian cedi is one of the currencies we are most bearish on in sub-Saharan Africa. We are targeting GHS1.5000/US$ by end-09, believing risk aversion and capital imports will exert downside pressure.

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