Cedi losing grounds against dollar

BY: Business Desk Report

The Ghana cedi is beginning to lose grounds to the US dollar after performing impressively over the last month.

Figures from the Bank of Ghana (BoG) for Thursday, January 5, 2023, shows that the dollar is now selling at GH¢8.6067.

This represents a depreciation of the cedi as the dollar was selling at GH¢8.6017 as at Wednesday, January 4.

The dollar was selling at GH¢8.5817 on Tuesday, January 3, 2023.