Absa warns cedi rally unsustainable amid gold boom, predicts reversal to 14/$ by year-end
Absa, one of Africa’s leading banks, says the Ghana cedi has “rallied too far.” In a statement titled Ghana Market Insight and released on May 12, 2025, Absa cites the Bank of Ghana’s decision to inject more hard currency into the internbank market as part of the cedi’s recent strong...
