Ghana: The Bank of Ghana

Via AllAfrica | 20 May 2012 - 18:09:40
[Ghanaian Chronicle] The Bank of Ghana has observed, since the last meeting of the Monetary Policy Committee (MPC) that the transactions market for foreign exchange remains broadly stable, consistent with economic fundamentals. However, speculative activity of currency traders in the inter-bank foreign exchange market continues to exert pressures on exchange rates, resulting in continuing depreciation of the Ghana cedi. Source