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Ghana's currency, the cedi, strengthens 19% against the US dollar, signaling economic stabilization.
Ghana's cedi currency has strengthened by nearly 19% against the US dollar, reaching GH¢11.90 per US dollar, amid claims of economic stabilization.
The Ghanaian government credits fiscal discipline, gold reserves increases, and foreign exchange inflows for the cedi's recent gains.
However, challenges remain, including inflation risks and food supply constraints.
The Bank of Ghana is set to maintain regulatory oversight to sustain the cedi's appreciation while addressing underlying economic issues.
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La moneda de Ghana, el cedi, se ha fortalecido un 19% frente al dólar estadounidense, lo que indica una estabilización económica.