Ghana’s domestic currency was unchanged against the dollar after a sale of foreign currency by the West African nation’s central bank halted a three-day slide in the cedi.
The currency of the world’s second-biggest cocoa producer traded at 1.5180 as of 1:36 p.m. in Accra, according to data from Standard Bank Group Ltd., unchanged from its closing price yesterday.
The Bank of Ghana sold between $20 million and $25 million to Ghanaian banks in its regular currency sale, according to Chris Nettey, a trader with Standard Bank’s Accra-based unit.
No one was immediately available to comment at the Bank of Ghana’s treasury department, according to a man who answered the phone and did not identify himself.