Tag: Low African currencies

  • Ghanaian Cedis Depreciates Against US Dollar At 8.86%

    Ghanaian Cedis Depreciates Against US Dollar At 8.86%

    A Bloomberg report has pegged Ghanaian cedis the worst-performing currency among Africa’s top currencies following its second depreciation in 2022. Ghanaian Cedis dropped by 8.86% to the dollar between January 1, 2022, and February 25, 2022, presently trading at ¢6.60 to one US dollar on the forex market. Analysts have blamed the low performance of…