Audio By Carbonatix
Ghana’s currency, the cedi, has strengthened for the first time in five days after the Bank of Ghana sold dollars to commercial lenders, according to the local unit of Barclays Plc.
The cedi appreciated 0.2 percent to 1.4488 against the U.S. dollar as of 5 p.m. in the capital, Accra, Wednesday.
The central bank sold dollars at a rate of 1.4371, said Jacob Brobbey, a currency trader at Barclays Bank of Ghana Ltd.
Francis Andoh, head of treasury at the Bank of Ghana, said the bank sold $15 million in dollars in an effort to provide “some level of liquidity.”
Source: boomberg
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.
Tags:
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.
Latest Stories
-
Ghana risks EU gas market access over methane emissions – Expert warns
15 minutes -
Salt Pond’s $200m warning: Why Ghana cannot afford to exclude Fisheries Commission from future decommissioning
17 minutes -
Venezuela frees 39 political prisoners after post-Maduro talks
53 minutes -
EU unlocks humanitarian aid for crises worldwide
57 minutes -
Tenth woman’s body found as South Africa police probe killings
1 hour -
Black woman found hanging from tree was dead before body was ‘staged’, police say
1 hour -
Final day: 3rd Republic Bank-JoyNews Habitat Fair clinic underway at Junction Mall, Nungua
1 hour -
Nor’easter brings flooding as New York and New Jersey declare emergency
1 hour -
Africa’s richest man helps fund $660m fuel pipeline between Ethiopia and Djibouti
2 hours -
Security lapses at Utah campus where Charlie Kirk was killed, review says
2 hours -
White House bars CNN from travelling with Trump on Air Force One
2 hours -
Pope praises young people’s ‘energy and commitment’ at huge open-air Mass in Paris
2 hours -
Nyankamam residents benefit from free medical screening, healthcare outreach
2 hours -
Ghana, Boeing explore setting up regional aircraft maintenance hub
2 hours -
Bangkok roads submerged as flood disaster declared
2 hours