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Ghana’s Cedi Gains as Central Bank Intervenes

© Allen Dreyfus
  • Cedi appreciates against major currencies as Bank of Ghana tightens forex market controls
  • Measures include forex payment streamlining and crackdown on illegal currency operators

 

Accra, Ghana – Ghana’s embattled cedi has found some respite after weeks of turbulence, as a series of measures by the Bank of Ghana to boost foreign exchange reserves and tighten controls in the forex market appear to be bearing fruit.

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