Interbank rate

The recent improvement in the value of the Ghana cedi against the US dollar is expected to be sustained in the next couple of weeks, Lead Researcher at GCB Capital and a Currency Analyst, Courage Boti, has said. According to him, the recent depreciation of the cedi was largely due to speculation. “I expect that this trend could continue until we get to the ¢13 level and then that is when you will receive some sense of stability because the Bank of Ghana rate would become the floor or the lowest level. The thing really is that you don’t want…