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Ghana’s reserve slide tests cedi before dollar surge

A drone shot of the vast landscape of Accra, Ghana. Photo by Virgyl Sowah @ Unsplash
A drone shot of the vast landscape of Accra, Ghana. Photo by Virgyl Sowah @ Unsplash

Evans Effah

Evans Effah is a Ghanaian journalist with over a decade of experience in reporting on politics and business.
  • Foreign reserves fell $3.09 billion from March’s peak.
  • GoldBod export pause adds pressure before fourth-quarter dollar demand.

 

ACCRA, GHANA — Ghana’s central bank is warning that falling foreign reserves could leave the cedi more exposed as fourth-quarter demand for dollars builds.

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