12 March 2018

Ghana: Cedi to Strengthen

The cedi is expected to firm in the days ahead, boosted by IMF signals last week that the country could receive the next disbursement under its $918 million credit programme. The local currency, which has strengthened 1.8 per cent since January, was trading at 4.4500 at the close of last week, up from 4.4575 a week ago.

There is also anticipation of a three-year bond issue which could pull in offshore investors, boosting dollar supplies, said Raphael Adubila of Accra-based Northstar Home Finance.


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