Tuesday, July 14, 2015

Monetary Policy Committee meet on sustaining cedi; after the biggest appreciation in recent times




Monetary Policy Committee of the Bank of Ghana will meet today.

The committee would be looking at measures that would help sustain the gains made by the cedi so far.

The Ghana cedi over the past weeks has appreciated against the dollar by some 22 percent, the biggest appreciation in recent times.

The Ghana cedi this morning traded among some commercial banks at around 3 Ghana cedis 46 pesewas (3.46p).

There are predictions it will drop to 2 Ghana cedis 70 pesewas (2.70p) by next month.