Cedi to remain firm


The Ghana cedi is seen firm next week on increased central bank dollar sales amid softening forex demand by businesses, analysts have said.

For the second week in a row, the local unit has steadily recouped recent losses against the greenback after weakening to record lows last month.

It was trading at 4.92 to the greenback by mid-morning on Thursday, compared with 4.95 a week ago.

“We expect (greenback) supply to remain strong in the week ahead while demand remains stable,” Raphael Adongo Adubila, currency analyst at Accra-based Northstar Home Finance said.

Source: Reuters

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