Tuesda ny, March 4, 2025, saw a sharp and abrupt change in the value of the Ghanaian cedi relative to the US dollar, which briefly sparked fear before being quickly fixed.
Google search results indicated that the cedi had seen a sharp appreciation from its previous rate of GHC 15.30 per dollar to GHC 8.28 per US dollar at around 3:57 PM.
The rate was adjusted back to GHC 15.30 around 4:45 PM, indicating a potential data error.
Despite being brief, the miscalculation caused significant concerns and briefly disturbed market sentiment.
KA
