16
Jan
The cedi is expected to find relief in the near-term thanks to the successful debt restructuring agreement with external creditors, paving the way for restructuring the US$5.4 billion bilateral debt and anticipated inflows from the International Monetary Fund (IMF) and World Bank. Last week, the currency lost value against the US dollar, British pound, and euro. The Bank of Ghana FX interventions were not enough to fully stem the tide. The cedi ended the week at GH¢12.33 per dollar, compared to GH¢12.18 the week before. However, at the tail end of the week, the government announced that it had reached…