Per the Bank of Ghana (BoG) rate on Friday, August 22, the Cedi was buying at 10.9445 and selling at 10.9555 to a Dollar.
The Pound Sterling was buying at 14.6865 and selling at 14.7022 whiles the euro is buying at 12.7045 and selling at 12.7171.
On Thursday, August 21, the Cedi was buying at 10.8146 and selling at 10.8254 to a dollar.
The recent marginal depreciation of the Cedi has raised concerns among the trading public.
This matter has led to the Head of the Business and Economic Bureau of the Ghana Union of Traders’ Associations (GUTA) urging traders to remain calm, assuring that the current decline is not severe enough to disrupt market stability.
GUTA maintains that with the right monetary interventions, market confidence can be sustained even amid global economic uncertainties.
Source: myghanadaily
