In the retail market, the cedi somewhat increased in value relative to the US dollar, while on the interbank market, it decreased.

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

The Ghana cedi appreciated marginally against the US dollar in the retail market but depreciated against the American greenback on the interbank market.

According to trading results, the local unit posted a modest 1.06% gain, trading between GH¢11.40 and GH¢11.90 to one dollar.

Its year-to-date gain stood at 31.85%, keeping its position as one of the best-performing currencies in the world.

The cedi also appreciated by 0.64% against the pound to close at GH¢15.65/GBP, but slipped 0.73% against the euro to GH¢13.70/EUR.

On the other hand, it depreciated by 1.41% to close at GH¢10.65 to a dollar on the interbank market.

Source: newsthemegh.com