The Ghana cedi lost further grounds Friday morning to trade at ¢14.70 to the dollar, quotations from the forex bureaus indicate.

The local currency lost 20 pesewas in value to the American ‘greenback’. It sold for ¢14.50 last night.

Whilst the euro also appreciated marginally against the cedi, the local currency remained stable against the pound. It is going for ¢13.40 to the euro and ¢16.00 to the pound.

The cedi again lost significant value to the Chinese yuan in less than a day. It is selling at ¢2.3 to the yuan, from yesterday’s (October 20, 2022) price of ¢1.4.

Similarly, it depreciated against the South African rand going for ¢1.9, from the previous price of ¢1.4.

https://www.myjoyonline.com/14-50-equals-1-as-cedi-depreciation-continues/

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