Accra, Nov 3, GNA - The Cedi marked its second day of gains this week on the inter-bank market with the Gold coast Securities Cedi Index appreciating to its best level in over three weeks.
The local currency gained 0.34 per cent because of the rise it experienced against all four major trading partners.
The Cedi was stronger by 0.24 per cent against the dollar, breaking its month-long stability to reduce its year-to-date depreciation from a previous figure of 19.59 per cent to 19.30 per cent.
The euro was also down by 0.20 per cent against the Ghana Cedi as was the CFA.
On the other hand, the pound sterling saw its gains against the cedi in the past couple of weeks eroded by a fast paced decline this week, making the pound quite a risky investment.
Between Monday and Tuesday, the U.K currency has lost a total of 3.95 pesewas, representing a loss of 1.64 per cent.
The local currency was trading between GH¢1.43p and GH¢1.46p to the dollar. It was buying GH¢2.34p and selling for GH¢2.39p to the pound and was going for GH¢2.12p and GH¢2.16p against the Euro. One Ghana Cedi was quoted between 304 and 310 CFA.
GNA
BoG's $260 million building: It was Ato Forson who first proposed 'sell-and-leas...
'We have to do soul-searching' — Mahama orders nationwide flood assessment
Court orders woman beater to pay GHS5,000 compensation to midwife at Tema Commun...
Over 12,000 women living with obstetric fistula in Ghana — Asokwa MP
Mahama secures 1,840 farm equipment deal from Belarus
Titus Glover slams Mahama’s flood report directive, calls it “waste of energy an...
We have increased posting of doctors from 12 to 100 to underserved regions in 20...
'You had the effrontery to call me struggling lawyer, you won't come back to pow...
Belarus manufacturers to storm Ghana next week after President's visit
Government to offer tax incentives for factories located outside Accra
