Cedi to end 2023 at GH¢11.40 to dollar – Fitch Solutions

The Ghana cedi has been projected to end 2023 at GH¢11.40 to the US dollar, Fitch Solutions has said.

The firm had earlier predicted that the cedi might end the year at GH¢12.40 but since the last prediction, the government has been able to secure the $3 billion bailout from the International Monetary Fund.

Also, Fitch projected that the cedi will be selling at GH¢10.90 to one dollar in 2024, which will be fueled by expected inflows from the International Monetary Fund program and improve investor confidence.

“While short-term exchange rate volatility will persist, we believe that the cedi will stabilize once a formal creditors’ committee is formed and the IMF executive board approves Ghana’s program”, it earlier stated.

The cedi is currently been sold at GH¢11.65 and is being bought at GH¢11.40. It has seen some stability in the past few weeks.

SSD/NOQ

Ghana’s leading digital news platform, GhanaWeb, in conjunction with the Korle-Bu Teaching Hospital, is embarking on an aggressive campaign which is geared towards ensuring that parliament passes comprehensive legislation to guide organ harvesting, organ donation, and organ transplantation in the country.

Watch the latest edition of BizTech and BizHeadlines below:









Click here to start the nomination process for the 2023 GhanaWeb Excellence Awards