17
Jan
With only 17 days into the year, the Ghana cedi has depreciated by about 12.7% to the US dollar. The significant fall in the value of the cedi which occurred yesterday, January 16, 2023 and today, January 17, 2022 places the local currency as the second weakest currency among 15 top currencies in Sub-Saharan Africa. The Egyptian pound is the weakest currency among the 15 top currencies in Sub-Saharan Africa. Its economy is also battling with high debt levels, rising inflation and increasing cost of living standards. The woes of the cedi is not getting better as anticipated as the…