Audio By Carbonatix
The Bank of Ghana has released additional 100 million dollars onto the market today to shore up the value of the cedi. This is mainly in response to the increased demand by commercial banks which have complained of inadequate dollars for their operations.
This latest release brings the total amount of dollars released by the central bank over just the last two weeks to about 600 million dollars.
Meanwhile the cedis today recorded some marginal gains against the dollar. You would now need 1cedi 70 pesewas to buy a dollar on the Forex market.
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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
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