Cedi remained stable against the US dollar and other major currencies.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Ghana Cedi held firm to the US dollar and other major foreign currencies last week, but could face renewed dollar upside risks going forward.

The local currency closed at a midrate of GH¢10.43 per US dollar on the interbank market, marking a 1.05% depreciation over the past two weeks.

It is selling at GH¢10.45. In the retail market, the cedi posted a modest recovery, strengthening to GH¢11.90 from GH¢12.30, a gain of 3.36%.

The pound and euro also appreciated to 15.95 and 13.75, reflecting respective gains of 5.64% and 5.82%.

Source: newsthemegh.com