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Ghana Cedi Depreciates 74% Against the Dollar in Three Years, Risks Loom for 2024

Ghana Cedi Depreciates 74% Against the Dollar in Three Years, Risks Loom for 2024

The Ghana cedi has faced a significant depreciation against the US dollar, losing approximately 74% of its value over the past three years, according to the Institute of Economic Affairs (IEA). In 2022, the local