Home / General News / Ghana cedi falls slowly to 3.4% in 2013 first-half year

Ghana cedi falls slowly to 3.4% in 2013 first-half year

Share this with more people!

cediThe Ghanaian cedi fell 3.4% against the US dollar in the first-half of 2013, according to the central bank.

This was on a slower pace between January to June 2013 compared to the 17.2% depreciation the currency recorded during the same period in 2012, the Bank of Ghana said July 31, 2013 at a press conference.

In trade weighted terms, the cedi appreciated in real terms by 1.8% compared to a depreciation of 14.3% last year, the BoG added.

By Ekow Quandzie

Share this with more people!

Check Also

Investment in improved seeds said to be crucial for small holder farmers in Ghana

Alliance for a Green Revolution in Africa (AGRA) Ghana, has called for investments in seeds …