Ghana’s Cedi Hits Record Low Against US Dollar Amid Cocoa Output Decline

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The Ghanaian cedi recently plunged to a record low, trading at GHS 14.9335 against the U.S. dollar, which led to its designation as the fourth-worst-performing currency globally. Additionally, a decline in cocoa production has further complicated matters for the cedi, a currency previously ranked as the world’s worst-performing during the last quarter of 2022. Cedi […]

Source: Bitcoin News

#Economics, #Depreciation, #ForeignExchange, #Forex, #ForexReserves, #USDollar