Ghana’s cedi will be little changed over the next week as demand for dollars by importers remains low and local companies use cash to pay their first-quarter taxes, Jacob Brobbey, a currency trader with Barclays Bank of Ghana Ltd., said by phone today.
The currency of the world’s second-biggest cocoa producer gained 0.2 percent to 1.5120 per dollar as of 3:32 p.m. in Accra, from yesterday’s close of 1.5145, according to data compiled by Bloomberg.
The cedi traded between 1.5110 and 1.5195 since April 4. It depreciated to a record low against the dollar of 1.5725 on Feb. 2.
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