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Wednesday 25 August 2021

Ghana’s Cedi Heads for Weakest-Ever Close against Dollar

Ghana’s Cedi Heads for Weakest-Ever Close against Dollar: The biggest injection of dollars yet by Ghana’s central bank failed to stem the cedi’s slide on Wednesday amid a surge in foreign-currency demand from importers. The Ghanaian currency dropped 1.6 percent to 6.03 a dollar by 11:52 a.m. in Accra, poised for the weakest close on record. That erased ...

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