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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
The pace of the Ghana cedi depreciation eased over the past two weeks, with both interbank and retail markets recording modest dips.
In the interbank market, the US dollar cedi pair closed the fortnight at GH¢12.40 from GH¢12.15, marking a 2.02% dip compared to 6.17% recorded two weeks earlier.
In the retail market, the cedi remained range-bound between GH¢13.40 and GH¢13.50 against the US dollar, posting a 0.74% decline from 6.72%.
In parallel, the pound and euro closed at midrates of GH¢18.05 (-2.49%) and GH¢15.70 (-1.59%) from GH¢17.60 and GH¢15.70, respectively.
Source: newsthemegh.com