Business News of Sunday, 17 March 2019Source: goldstreetbusiness.comKen Ofori-Atta optimistic about cedi reboundKen Ofori-AttaFinance Minister, Ken Ofori-Atta says the free fall of the cedi especially against the American dollar is to be contained in the coming days with the coming on board of the US$750 million bridge agreement and US$3 billion Eurobond. We have about US$300 million coming in from COCOBOD and another US$600 million also from COCOBOD in about a month or so. We have officially launched our Eurobond which will be US$3 billion and that should close within the next couple of weeks,” Mr. Ofori-Atta declared. The cedi has fared badly against US dollar selling between GHc5.55 and GHc5.75. In 2018 at this time, the cedi sold at GHc4.42 depreciating by 8.4 per cent and in January 2017 sold at GHc4.27.

Source: GhanaWeb March 17, 2019 03:00 UTC