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Ghana cedi depreciates vs dollar after brief gain

yahoo.com (2 years and 2 months ago)

May 15, 2012

ACCRA (Reuters) - The Ghana cedi currency fell against the dollar on Monday on strong demand for the greenback by importers, a trader said on Monday. The dollar-cedi rate closed at 1.8960/85 after opening at 1.8840/65 on strong local corporate demand, Jacob Brobbey of Barclays Bank Ghana told Reuters. The local currency has so far depreciated about 14 percent since the beginning of the year, hitting fresh lows against the greenback mainly on... full story

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