The cedi over these past weeks has experienced some level of stability and in some cases, slight appreciation against some of the major foreign currencies.
Last week, the cedi was stable against the dollar for most part of that week.
On Tuesday, on the interbank foreign exchange market, the cedi was at GHC 3.19peswes while at Forex Bureaus, it was at GHC 3.80peswes.
On Wednesday, it maintained the figure on the interbank market but dropped by a peswa at Forex Bureaus to end the day at GHC 3.79peswes.
[contextly_sidebar id=”16cMnk0eDX6gREy1lNkeT6exkyiYIIl3″]On Thursday, it went up on the interbank foreign exchange market hitting GHC 3.20peswes.
It has stayed at this figure till today, while at the Forex Bureaus on Wednesday, it hit GHC 3.79peswes, GHC 3.80peswes on Thursday GHC 3.79 peswes Friday and GHC 3.70peswes today.
The positive development is expected to continue within the coming weeks following the successful issue of the 1 billion dollar Eurobond, COCOBOD’s $1.7 billion syndicated loan as well as talks with the IMF.
But has the cedi’s performance over the few weeks had any impact on businesses which suffered greatly over its poor performance in previous months.
Citi News’ Pearl Akanya Ofori visited some business districts in Accra and has come through with this report.
By: Anim Kwaku Boadu/citifmonline.com/Ghana