Business News of Wednesday, 5 February 2020Source: classfmonline.comCedi gains 31 pesewas to dollar since January 1New Ghana Cedi notesThe impressive performance of the cedi is expected to continue till at least the end of the first quarter of this year. Since the beginning of the year, it has gained almost 31 pesewas to the US dollar as it is selling at GH¢5.44 cedis to a dollar at the forex bureau. On the interbank forex market, the cedi is going for GH¢5.36 to one US dollar. The Bank of Ghana’s spot market forex sales has contributed to calm the spot market trading which hitherto was under huge demand. Meanwhile, you will need GH¢5.44 pesewas to buy a US dollar at the forex bureau as against GH¢5.75 pesewas at the end of last year.

Source: GhanaWeb February 05, 2020 06:45 UTC