US Dollar Surge Hammers Ghanaian Cedi: Retail Market Feels the Pinch

The Ghanaian cedi is under pressure as the US dollar continues its rise. Recent reports indicate that the exchange rate has reached 11.60 GHS per 1 USD at the retail level. This is causing significant concern among consumers and businesses in Ghana. "The situation is dire," says one market vendor in Accra, who asked not to be named. "The cost of everything is going up, and we are struggling to make ends meet." While the government has not yet issued an official statement, economists are closely monitoring the situation. The video highlights the need for financial stability and careful management of the national currency. Further investigation into the economic factors driving the exchange rate is necessary to provide a complete picture of the situation.