After coming under pressure in May and June, the exchange rate has generally stabilized in recent times, Governor of the Bank of Ghana, Dr Ernest Addison has said.
This was mainly driven by the still tight monetary policy stance and improved forex liquidity support, he said.
From the beginning of the year to 25th September 2024, the Ghana cedi depreciated by 24.3 percent against the U.S dollar.
In the second half of the year, the cedi witnessed a slower pace of depreciation of 7.1 percent.