Ghana cedi depreciates slightly against US dollar in early February, trades at GH¢10.96

Cedi edges down to GH¢10.96 at start of February

Ghana’s cedi weakened slightly to GH¢10.96 against the US dollar on the interbank market, reflecting ongoing currency pressures. Analysts highlight the gap between official and retail rates and warn of potential impacts on imports, businesses, and household costs.