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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd
PwC Ghana says the outlook for the Ghana cedi has improved, with the local currency expected to remain fairly stable in the medium term.
The firm says recent actions by the Bank of Ghana to support the foreign exchange market have helped reduce pressure on the cedi.
Speaking on the sidelines of the launch of the PwC Ghana 2026 Banking Survey in Accra, PwC Ghana Country Senior Partner, Vish Ashiagbor, said the cedi has faced some pressure in recent times, but the central bank’s dollar support has helped stabilise the market.
According to him, PwC does not expect any major rise or fall in the value of the cedi in the medium term. He said the local currency is likely to trade within its current range, supported by better dollar supply and improving economic conditions.
Source: newsthemegh.com