“Cedi will hit ¢3 to $1 by end of July: Man behind past accurate forecasts says
A Ghanaian man who previously predicted the appreciation of the Ghana cedi has dropped more predictions, stating that the cedi will rise again by the…
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Ghana's Economy Under Pressure: The Unstable Dollar and its Impact on Businesses
Ghanaian Businesses Grapple with Volatile Dollar Exchange Rate The US dollar's exchange rate against the Ghanaian cedi is causing uncertainty among businesses in Ghana. Recent predictions suggest the dollar may reach 4 cedis by July, potentially impacting various sectors. "By July, the dollar will be 4.2 cedis," says one concerned Ghanaian in a recent video. This sentiment is echoed by many business owners worried about the cost of imports and overall economic stability. While some predict a stabilization around 3.5 cedis, the volatility remains a major concern. The Ghanaian government is likely to address these concerns and implement measures to stabilize the currency. The situation will continue to be monitored closely.
