Current account stability to mitigate pressure on cedi; currency to end year at GH¢11.40 to a dollar

Fitch Solutions says the current account stability will mitigate any downside pressure on the Ghana cedi, despite souring investor sentiment towards Emerging Market assets. According to the UK-based firm, strong export receipts will continue to bolster Ghana’s already robust forex reserves, which have risen to US$14.4 billion, the equivalent of roughly six months of imports.  […]

By Charles Nixon