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Ghanaians Signpost Dollars Put Cedi On Course For 19-Month Low
Source : Bloomberg    Date : Wednesday 01 Feb, 2017 | 15:17 GMT
Ghanaians are holding on to their dollars after government data showed the nation’s budget deficit was wider than expected, setting the currency on track for the weakest close since June 2015.

The cedi was among the worst performers in the world this year after data showed the nation’s budget shortfall in the first 11 months of 2016 was more than 2 percentage points higher than the government’s target.

The cedi declined 0.7 percent to 4.3775 per dollar as of 11:41 a.m. in London.
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