The United States Dollar is trading at about GH8 per the Interbank forex rates from the Bank of Ghana as of Thursday, December 15.

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The pound and euro are trading at a little over GH9.80 pesewas and GH8.52 pesewas respectively.

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A look at the forex bureaus show the dollar is being bought at a rate of GH9.00 and sold at GH10.50.

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Per data from Afriswap Bureau De Change, a pound sterling is being bought at a rate of GH11.00 and sold at a rate of GH13.00.

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Bank of Ghana Exchange Rates pic.twitter.com/HREBnMQezt

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— Bank of Ghana (@thebankofghana) December 16, 2022

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A Euro, on the other hand, is being bought at a rate of 9.30 and sold at a rate of 11.50.

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For more than two weeks, the cedi has shown some growth against major trading currencies, particularly the dollar.

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Director of Research at the Bank of Ghana, Dr. Philip Abradu-Otoo, has attributed the appreciation of the local currency to the monetary policy implemented by the Central Bank, a reduction in imports and Ghana's deal with the International Monetary Fund (IMF).

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Some experts believe the cedi will continue to enjoy some appreciation.

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