Cedi to remain firm

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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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