Cedi registers unprecedented weekly decline in trading as dollar demand surges

The Ghana cedi registered a record weekly decline in trading in the interbank market after sovereign debt downgrade by rating agency, Fitch. Analysts say the local unit posted heavy losses on the interbank market as unrelenting foreign exchange demand continued to weigh down the cedi against the dollar. The Bank of Ghana allotted $25 million … Continue reading Cedi registers unprecedented weekly decline in trading as dollar demand surges