BoG confident cedi stability will continue as dollar pressures ease
“The Bank of Ghana’s FX intermediation programme helped moderate pressures on the cedi that came from frontloading of demand, particularly from the energy sector,” the Central Bank noted.
The Bank of Ghana (BoG) says it expects the recent stability of the cedi to continue, following improved conditions in the foreign exchange market.
Expected Dollar Inflows to Support ReservesThe Bank of Ghana is also counting on increased inflows from remittances and development partners to strengthen Ghana’s foreign exchange reserves.
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