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1$ Equals ¢11.62 As Cedi Depreciation Pressures Rise

October 13, 2022 GENERAL NEWS Comments Off on 1$ Equals ¢11.62 As Cedi Depreciation Pressures Rise

The depreciation pressures on the Ghana cedi continued relentlessly today as the local currency sold at ¢11.62 pesewas in the retail market. This is almost 6% depreciation since Friday, October 7th. Checks by Joy Business at some forex bureaus indicate that the supply of dollars in circulation is insufficient. …

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