The Ghana cedi has crossed GH¢11 to the US dollar, according to commercial bank quotes.
Checks by Joy Business show that while some banks are selling the dollar as high as GH¢11.30, others are quoting GH¢11.00.
However, the Bank of Ghana's official rate as of yesterday pegged the dollar at GH¢10.90, while forex bureaus are selling around GH¢12.20.
Despite the recent pressures, a Databank Research report indicates that the cedi remains Africa's best-performing currency against the dollar, appreciating about 36% year-to-date, though this is down from over 40% earlier in August.
