Fitch Solutions forecasts Ghana's cedi to appreciate in H2 2024 due to debt restructuring progress.
Fitch Solutions predicts Ghana's currency, the cedi, will rebound and appreciate in the second half of 2024, due to the government's progress in commercial debt restructuring. This progress should boost investor confidence, increase foreign exchange inflows, and strengthen the cedi. Fitch Solutions anticipates the cedi to recuperate some of its recent losses, ending the year at USD 12.25.
April 22, 2024
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