3 months ago
The Economist Intelligence Unit (EIU) has predicted that the Ghanaian cedi will end 2024 at a rate of GH¢16.07 to one US dollar, with a slight depreciation expected in 2025 to GH¢17.23 to one dollar. This forecast was revealed in Deloitte’s "Sneak Preview of 2025" report. The EIU attributes the expected weakness of the cedi at the end of 2024 to a reduction in cocoa exports and an increase in the country’s import bill. However, the situation is expected to improve in 2025, with factors such as peaceful elections, the completion of the government's debt restructuring negotiations, and increased gold export earnings all contributing to a more stable currency. The cedi is currently trading at GH¢16.10 to the dollar on the retail market.
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