Ghanaian Cedi

Fitch Solutions

Ghanaian Cedi expected to depreciate by 43% by Fitch Solutions

Fitch Solutions is forecasting a 43% depreciation of the cedi to the US dollar in 2022. It is also projecting a 30.1% fall in the value of the cedi to the American currency in 2023, which means the woes of the local currency will not get better anytime soon. Disclosing this in its latest report on the country dubbed “Ghana’s Private Infrastructure Investment Set For Medium-Term Recovery”, it...