Ghanaian government plans to support cedi's stability with $360M from IMF and $300M from World Bank.

The Ghanaian government is optimistic that the cedi will manage increased foreign exchange demand during the holiday season. Key measures include bolstering foreign currency reserves and securing $360 million from the IMF and $300 million from the World Bank to support the cedi's stability. Despite recent depreciation—nearly 24% this year against major currencies—the government aims to maintain exchange rate stability through these efforts.

October 28, 2024
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