The local currency is showing signs of resilience after a recent slide. The cedi is now trading at GH¢10.80 to the dollar, up from GH¢10.85 just days ago.
Analysts say the slight rebound may reflect short-term interventions or improved market sentiment.
However, they caution that the cedi remains vulnerable to external shocks and fiscal pressures as the country approaches the end of the year.
But with the budget season approaching, all eyes remain on how government’s fiscal policy will shape the cedi’s strength against major trading currencies, especially the US dollar.
Here’s how the cedi is faring on the BoG interbank market:
• Dollar – Buying at GH¢10.79, Selling at GH¢10.80
• Pound – Buying at GH¢14.39, Selling at GH¢14.40
• Euro – Buying at GH¢12.56, Selling at GH¢12.57
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Here’s how the cedi is trading at the forex bureaus
• Dollar – Buying at GH¢12.00, Selling at GH¢12.50
• Pound – Buying at GH¢15.70, Selling at GH¢16.70
• Euro – Buying at GH¢13.80, Selling at GH¢14.60
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