Ghana’s cedi continues to face persistent depreciation against major global currencies, including the US dollar.

After months of pressure, the cedi experienced brief stability in July, amid declining inflationary trends.

However, as of September 16, 2024, at 10:00 AM, checks by GhanaWeb Business revealed that the cedi is trading at GH¢16.18 to the dollar, while the British pound is valued at GH¢21.62 in several major forex bureaus.

In addition, the Euro is trading at GH¢18.08 in the retail forex market.

Bloomberg also reported that the cedi weakened by 0.1%, trading at GH¢15.67 per dollar, a development likely to exacerbate Ghana’s economic challenges, especially with ongoing price adjustments by businesses.

According to Bloomberg, the cedi has depreciated nearly 1% against the dollar in the past month and has lost about 24% of its value this year.

In another report, Ghana’s dollar bonds set to mature in 2032 gained 0.2 cents, trading at 52.36 cents on the dollar at 11:38 a.m. on September 11, 2024, in London.