Cedi to remain stable

The cedi is expected to remain stable this week on improved interbank forex liquidity supported by regular central bank dollar sales, analysts said.

The local currency was trading at 4.85 to the dollar by mid morning last Thursday, compared to 4.86 a week before.

“The cedi is expected to remain firm, at least for the rest of the month before a reversal is triggered,” currency analyst Joseph Biggles Amponsah said.

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