cedi depriciation

The depreciation of the cedi may thwart the expected fall I prices of petrol and Liquefied Petroleum Gas (LPG). According to the Institute for Energy Security (IES), even though the prices of petrol and LPG also dipped on the international market, the 3.58% depreciation of the cedi may thwart any expected fall in the price of the two product at the local pumps. It said consumers may rather be forced to buy petrol and LPG at a higher value over the current prices for the rest of September 2022, on account of the cedi fall against the greenback. “With the…