Cedi closes 2020 with 3.9% deterioration to the dollar
By Henry Asamoah
JAN 2, 2021
The Ghana cedi finished a year ago with a deterioration pace of 3.93% to the US dollar, making it a standout amongst other performing monetary forms in Sub Saharan Africa.
The great execution likewise makes it best since 2017 when it devalued by just 4.88%.
At the forex authority, the pace of devaluation was even lower at 2.2%.
Happiness Business took in the nearby cash really refreshing in the last fourteen days of December 2020 at the forex authority, from a deterioration pace of 3.1%.
Examiners accept that the cedi has profited by a heap of elements including the Bank of Ghana s Forex Forward Closeout and the broadened trades.