Global Pressures Weigh on Cedi Amid Strengthening US Dollar
The Bank of Ghana (BoG) has stated that global pressures are weighing on the cedi as the US dollar strengthens. The statement was made during the latest Monetary Policy Committee meeting.
At present, the cedi is facing significant challenges due to external factors, including a strong US dollar. This has resulted in higher import costs and inflation for Ghanaian businesses and consumers.