The cedi was buying at 11.0145 to the dollar and selling at 11.0255 on Friday, April 10, according to data from the Bank of Ghana.
The pound sterling was buying at 14.8079 and selling at 14.8238. The euro was buying at 12.8977 and selling at 12.9105.
Background
Earlier, Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama, said that it was normal for the cedi to witness marginal depreciation.
When asked about the recent depreciation of the cedi during the 128th Monetary Policy Committee (MPC) press conference in Accra on Wednesday, January 28, Dr Asiama said, “Don’t get worried if you see the cedi moving a little bit; it is normal. Speculative behaviour can move the cedi.
“It is more of a short-term kind of factor, but it will fall in line. We have announced a number of reforms.”
