JoyNews · 1h ago

Forex Market: Cedi makes further gains as dollar supply improves

Ghana's cedi is making further gains against the US dollar as improved dollar supply provides support to the local currency in the foreign exchange market. The development brings renewed attention to Ghana's currency performance, foreign exchange availability, and the factors influencing movements in the cedi-dollar exchange rate. A stronger cedi could help reduce the cost of imported goods and ease some inflationary pressures, although the actual impact will depend on how sustained the currency's gains are and how businesses adjust their prices. #NewsDesk