Ghana’s Cedi is Poised for Further Depreciation, Ranking as Third-worst Currency in Africa, According to Bloomberg

Ghana’s cedi, Africa’s third-worst-performing currency this year, may not have seen the worst yet. Despite a $3 billion bailout from the International Monetary Fund after the country’s 2022 default, analysts predict further weakening. Even though Ghana has made progress with domestic and official creditors, negotiations with Eurobond investors are ongoing. Despite an improvement in international…

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