Cedi has fallen by more than 30% so far in 2022
The Ghana cedi lost 24.3% to the US dollar on the interbank forex market as of September 2024, the Bank of Ghana has revealed in its Summary of Economic and Financial Data.
This is lower than 22.9% depreciation recorded during the same period last year.
According to the data, the cedi lost 7.7% in value to the dollar in March 2024 and depreciated by 18.6% in June 2024.
Whilst it is going for GH¢16.45 on average against the dollar on the retail market, the Bank of Ghana is quoting one dollar as GH¢15.70.
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