Cedi Makes Gains

The Cedi closed the week regaining some of its value against seven major currencies, maintained its strength against one and lost against two, according to the Average Inter-Bank Exchange Rates released by the Ghana Association of Bankers.

The Cedi gained 27.23 cedis against the Pound Sterling; 23.99 cedis against the Euro; 23.28 cedis against the Swiss Franc; 3.85 cedis against the Canadian Dollar; 3.49 cedis against the Danish Kroner; 0.27 cedis against the Japanese Yen; 0.04 cedis against the CFA Franc and maintained its value against the Naira.

It, however, lost 7.25 cedis against the South Africa Rand and one cedi against the dollar when being bought but maintained its selling price of 8,651.00 cedis.