dollar was forecast to be exchanged for 11.2 Ghanaian cedis (GHS), on average. In the previous year, the rate was estimated at 8.4 GHS, up from 5.6 GHS in 2020. By the steadily increasing exchange rate, a person with 100 U.S. dollars was expected to receive approximately 1,120 GHS ...
Exchange rate volatility or its stability is a key determinant of the state of a country's economy. The Ghana cedi's performance against the US dollar in recent times has been the worse in the past decade. This has resulted in high inflation, high cost of living and high cost of ...