Ghana cedi ‘tear chain’ catch Ghc5.16 against US Dollar

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Importers and exporters for Ghana are worried, as the cedi reaches Ghc5.16 to $1 dollar which is affecting their business.

Every week, new dynamics in the cedi are seen, and has depreciated against the US dollar by 9 percent to Ghc5.16 from Ghc4.92 in February 2018, the fastest rate of depreciation in four weeks

The Depuy General Secretary of Ghana Union of Traders Association (GUTTA) Richard Amamoo, confirmed this when he told B&FT how the cedi depreciation has affected his business

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