Over the course of the two-week review period, Ghana Cedi extended its slight adjustment.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd

The Ghana cedi extended its mild correction over the two-week review period, shedding some gains across major pairs.

In the interbank market, it depreciated against the dollar and euro to GH¢11.00/US dollar (-0.27%) and GH¢12.70/EUR (-0.47%) but edged up 0.13% against the pound to GH¢14.56.

In the retail segment, the cedi also softened against the dollar to GH¢11.68/USD (-0.21%), while appreciating against the pound and the euro by 1.31% and 0.75%, respectively, to GH¢15.30 against the pound and GH¢13.30 against the euro.

Overall, the currency posted mixed but broadly stable performance.

Source: newsthemegh.com