7h ago•2 min read
Current account stability to mitigate pressure on cedi; currency to end year at GH¢11.40 to a dollar
Summary
Ghana's forex reserves are looking good, but one firm suggests a potential tolerance for currency depreciation - why?
Fitch Solutions anticipates that the stability of Ghana's current account will play a key role in the face of shifting investor attitudes. The expectation is that strong exports will continue to support the country's forex reserves - but what could this mean?