Cedi appreciates against US dollar from GH¢11.75 – GH¢10.94 in one week
The Ghana cedi appreciated significantly against the United States dollar over the past week, strengthening from an interbank buying rate of GH¢11.75 on August 10 to GH¢10.94 on August 17, according to Bank of Ghana daily exchange rate data. The post Cedi appreciates against US dollar from GH¢11.75 – GH¢10.94 in one week appeared first on Ghana Business News .
In a significant development over the past week, the Ghana cedi strengthened against the US dollar, appreciating by approximately 6.9 per cent, according to Bank of Ghana's daily exchange rate data. The cedi's interbank buying rate climbed from GH¢11.75 on August 10 to GH¢10.94 on August 17. This move highlights the cedi's robust performance against major international currencies.
The pound sterling and euro also experienced a decline, with their interbank buying rates falling from GH¢15.86 and GHS13.59 to GH¢14.83 and GH¢12.67, respectively, over the same period. These figures indicate a stable market condition in the interbank foreign exchange market.
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