Cedi Dollar

The Ghana cedi clawed back further gains as its resurgence against the dollar continued abated. The local currency gained 3.8% week-on-week to the US dollar last week, narrowing its year-to-date loss to 22%. It also appreciated 4.36% versus the pound and 3.18% against the euro last week. At the close of the week’s trading, the cedi quoted at a mid-rate of GH¢15.65 to a dollar on the retail market.  It also begun the week at GH¢15.65 to a dollar. Again, it went for GH¢14.73 to a dollar on the interbank market. The boost in the local currency performance was supported…