Investment Times

Last week, the Ghanaian cedi remained stable against the US dollar as lower-than-expected US inflation data led to a weakening of the American currency against several emerging market currencies, including the cedi. This resulted in a modest 0.13% week-on-week gain for the cedi, ending the week's trading at a mid-rate of GH¢15.93 per dollar. However, stronger economic data from the Eurozone and the UK caused the pound and the euro to appreciate, leading to the cedi losing 0.86% and 0.58% week-on-week against the pound and the euro, respectively. The cedi is expected to find some relief this week from the...