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Ghana cedi begins to chase the U.S. dollar

Government’s announcement of fresh dollars into the economy to arrest the unbridled appreciation of the United States dollar has succeeded in redeeming some value...

Zimbabwe starts foreign exchange trading at 2.50 to U.S. dollar

The Reserve Bank of Zimbabwe (RBZ) on Friday pegged the floating exchange rate of the local currency at 2.50 to the United States dollar...
Photo taken on July 16, 2015 shows 1,000 Cedi notes and a Huawei Mobile phone P7 worthy of 1,000 Cedi in Accra, Ghana, July 16, 2015. Sub-Sahara African currencies have in recent months come under significant pressure. (Xinhua/Lin Xiaowei)

Ghana cedi drops on the currency market

As a result the local currency trimmed 0.45 per cent to settle at GH¢3.85 per dollar. The local currency also closed in the red...