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Ghana's currency hits a 12.12 cedis to dollar low, raising fears of increased living costs.
The Ghanaian cedi weakened to GH¢12.12 to $1, marking its first depreciation since May 2025.
This decline, caused by economic pressures and high foreign exchange demand, is expected to raise fuel prices and living costs.
President John Dramani Mahama set a target for the Bank of Ghana to limit the cedi's depreciation to about 5% annually and promised measures to control the current depreciation.
The depreciation is also attributed to reduced remittances and ongoing investigations into foreign exchange issues.
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La moneda de Ghana alcanza un mínimo de 12.12 cedis por dólar, lo que aumenta los temores de un aumento en los costos de vida.