FITCH warns cedi could start depreciating again from January

The Ghana cedi could start depreciating again if Government does not quickly reach an agreement with the IMF.

That is the warning coming from rating agency FITCH. 

The Ghana cedi, early this year recorded one of its worst depreciations since its re-denomination. 

Speaking to investors across the world, from London, Director at FITCH, Carmen Altenkrich explained why the cedi could once again come under pressure.

According to her, there is increasing investor jitteriness and investors cannot wait longer than the January 2015 deadline as the potential starting point for the programme outlined by President Mahama.

If Government fails to quickly reach a programme with IMF whilst the year progresses, it will definitely affect the currency, she noted.

Listen to Carmen Altenkrich