Daily MID rates @ +/- 0%

www.oanda.com/currency/historical-rates/

End Date USD per 1GHS % Change (Rate of Depreciation) Key Moments

29-Mar 2.6800 13.32%

28-Mar 2.6552 12.27% Ghana’s Rating Outlook Cut by Fitch as Deficit Goal Breached27-Mar 2.6338 11.37% Stanchart Research wanrs of significant near-term challenges

26-Mar 2.5910 9.56% We’ll continue to borrow for development purposes - Prez Mahama25-Mar 2.5880 9.43%

24-Mar 2.6250 11.00%

23-Mar 2.5906 9.54%

22-Mar 2.6155 10.59%

21-Mar 2.6124 10.46% Ghana cancels 5-year domestic bond auction and planned $1bn Eurobond

20-Mar 2.5949 9.72%

19-Mar 2.5685 8.61%

18-Mar 2.5538 7.98%

17-Mar 2.5466 7.68%

16-Mar 2.5477 7.73%

15-Mar 2.5639 8.41%

14-Mar 2.5502 7.83%

13-Mar 2.5519 7.91%

12-Mar 2.5472 7.71%

11-Mar 2.5732 8.80%

10-Mar 2.5844 9.28%

9-Mar 2.5844 9.28%

8-Mar 2.5475 7.72%

7-Mar 2.5569 8.12%

6-Mar 2.5658 8.49%

5-Mar 2.5588 8.19%

4-Mar 2.5648 8.45%

3-Mar 2.5561 8.08%

2-Mar 2.5575 8.14%

1-Mar 2.5376 7.30%

28-Feb 2.5435 7.55%

27-Feb 2.5249 6.76%

26-Feb 2.5415 7.47% IMF visits Accra from February 12-25, 2014, to conduct discussions for the 2014 Article IV consultation. Press release issued 26 February saying “Ghana’s economy slowed down on the back of sizable external and fiscal imbalances and energy disruptions in the first half of the year”.25-Feb 2.5271 6.86%

24-Feb 2.5138 6.29%

23-Feb 2.5143 6.32%

22-Feb 2.5197 6.54%

21-Feb 2.5130 6.26%

20-Feb 2.5164 6.40%

19-Feb 2.5075 6.03%

18-Feb 2.5279 6.89%

17-Feb 2.5425 7.51%

16-Feb 2.5529 7.95%

15-Feb 2.5481 7.74%

14-Feb 2.5181 6.47%

13-Feb 2.5198 6.55% Bank of Ghana announces clarifications to its Forex controls impossed on 5 Feb

12-Feb 2.4025 1.59%

11-Feb 2.4025 1.59%

10-Feb 2.4025 1.59%

9-Feb 2.4214 2.38%

8-Feb 2.4214 2.38%

7-Feb 2.4779 4.77%

6-Feb 2.4809 4.90%

5-Feb 2.3909 1.10% Bank of Ghana hikes rates and tightens forex controls in bid to defend currency

4-Feb 2.3909 1.10%

3-Feb 2.3909 1.10%

2-Feb 2.3908 1.09%

1-Feb 2.3884 0.99%

31-Jan 2.3853 0.86%

30-Jan 2.4284 2.69%

29-Jan 2.4609 4.06%

28-Jan 2.4477 3.50%

27-Jan 2.4225 2.43%

26-Jan 2.4376 3.07%

25-Jan 2.4163 2.17%

24-Jan 2.4087 1.85%

23-Jan 2.4018 1.56%

22-Jan 2.4029 1.60%

21-Jan 2.3993 1.45%

20-Jan 2.3725 0.32%

19-Jan 2.3948 1.26%

18-Jan 2.3866 0.92%

17-Jan 2.4066 1.76%

16-Jan 2.3688 0.16%

15-Jan 2.3787 0.58%

14-Jan 2.3847 0.84%

13-Jan 2.3818 0.71%

12-Jan 2.3818 0.71%

11-Jan 2.3962 1.32%

10-Jan 2.3759 0.46%

9-Jan 2.3669 0.08%

8-Jan 2.3626 -0.10%

7-Jan 2.3509 -0.60%

6-Jan 2.3438 -0.89%

5-Jan 2.3438 -0.89%

4-Jan 2.3324 -1.37%

3-Jan 2.3522 -0.54%

2-Jan 2.3691 0.18%

1-Jan 2.3650 0.00%

Period Average 2.4798

Period Low 2.3324

Period High 2.68

4-Mar-12

26-Feb-12

19-Feb-12

12-Feb-12

5-Feb-12

29-Jan-12

22-Jan-12

15-Jan-12

8-Jan-12

1-Jan-12

25-Dec-11

18-Dec-11

11-Dec-11

4-Dec-11

27-Nov-11

20-Nov-11

13-Nov-11

6-Nov-11

30-Oct-11

23-Oct-11

16-Oct-11

9-Oct-11

2-Oct-11

25-Sep-11

18-Sep-11

11-Sep-11

4-Sep-11

28-Aug-11

21-Aug-11

14-Aug-11

7-Aug-11

31-Jul-11

24-Jul-11

17-Jul-11

10-Jul-11

3-Jul-11

26-Jun-11

19-Jun-11

12-Jun-11

5-Jun-11

29-May-11

22-May-11

15-May-11

8-May-11

1-May-11

24-Apr-11

17-Apr-11

10-Apr-11

3-Apr-11

27-Mar-11

20-Mar-11

13-Mar-11

6-Mar-11

27-Feb-11

20-Feb-11

13-Feb-11

6-Feb-11

30-Jan-11

23-Jan-11

16-Jan-11

9-Jan-11

2-Jan-11

26-Dec-10

19-Dec-10

12-Dec-10

5-Dec-10

28-Nov-10

21-Nov-10

14-Nov-10

7-Nov-10

31-Oct-10

24-Oct-10

17-Oct-10

10-Oct-10

3-Oct-10

26-Sep-10

19-Sep-10

12-Sep-10

5-Sep-10

29-Aug-10

22-Aug-10

15-Aug-10

8-Aug-10

1-Aug-10

25-Jul-10

18-Jul-10

11-Jul-10

4-Jul-10

27-Jun-10

20-Jun-10

13-Jun-10

6-Jun-10

30-May-10

23-May-10

16-May-10

9-May-10

2-May-10

25-Apr-10

18-Apr-10

11-Apr-10

4-Apr-10

28-Mar-10

21-Mar-10

14-Mar-10

7-Mar-10

28-Feb-10

21-Feb-10

14-Feb-10

7-Feb-10

31-Jan-10

24-Jan-10

17-Jan-10

10-Jan-10

3-Jan-10

27-Dec-09

20-Dec-09

13-Dec-09

6-Dec-09

29-Nov-09

22-Nov-09

15-Nov-09

8-Nov-09

1-Nov-09

25-Oct-09

18-Oct-09

11-Oct-09

4-Oct-09

27-Sep-09

20-Sep-09

13-Sep-09

6-Sep-09

30-Aug-09

23-Aug-09

16-Aug-09

9-Aug-09

2-Aug-09

26-Jul-09

19-Jul-09

12-Jul-09

5-Jul-09

28-Jun-09

21-Jun-09

14-Jun-09

7-Jun-09

31-May-09

24-May-09

17-May-09

10-May-09

3-May-09

26-Apr-09

19-Apr-09

12-Apr-09

5-Apr-09

29-Mar-09

22-Mar-09

15-Mar-09

8-Mar-09

1-Mar-09

22-Feb-09

15-Feb-09

8-Feb-09

1-Feb-09

25-Jan-09

18-Jan-09

11-Jan-09

Average weekly MID rates @ +/- 0%

www.oanda.com/currency/historical-rates/

Week End Date EUR/GHS GBP/GHS USD/GHS

23-Mar-14 3.5808 4.281 2.5832

Ghana’s Rating Outlook Cut by Fitch as Deficit Goal Breached 16-Mar-14 3.5547 4.2628 2.5598Stanchart Research wanrs of significant near-term challenges 9-Mar-14 3.5344 4.2825 2.562

We’ll continue to borrow for development purposes - Prez Mahama 3.43% 2-Mar-14 3.4833 4.2273 2.535123-Feb-14 3.4585 4.2063 2.5202

16-Feb-14 3.3831 4.1006 2.478

9-Feb-14 3.2838 3.9667 2.4249

2-Feb-14 3.2921 3.9929 2.4177

Ghana cancels 5-year domestic bond auction and planned $1bn Eurobond 26-Jan-14 3.2703 3.9681 2.4056

19-Jan-14 3.2509 3.9164 2.386

12-Jan-14 3.2244 3.8921 2.3683

5-Jan-14 3.2385 3.8929 2.3605

29-Dec-13 3.2332 3.8681 2.3595

22-Dec-13 3.1971 3.8054 2.3307

15-Dec-13 3.1855 3.7933 2.3178

8-Dec-13 3.1218 3.7531 2.293

1-Dec-13 3.0822 3.6948 2.2712

24-Nov-13 3.0609 3.6591 2.2665

17-Nov-13 3.0097 3.5899 2.2409

10-Nov-13 3.0115 3.5831 2.2373

3-Nov-13 3.0264 3.5511 2.2112

27-Oct-13 3.0114 3.5426 2.1902

20-Oct-13 2.9748 3.5111 2.1889

13-Oct-13 2.9615 3.4982 2.1856

6-Oct-13 2.9548 3.5204 2.1801

29-Sep-13 2.9344 3.4867 2.1722

22-Sep-13 2.9222 3.4769 2.177

15-Sep-13 2.8806 3.4233 2.1727

8-Sep-13 2.8361 3.3519 2.1515

1-Sep-13 2.8606 3.3363 2.148

25-Aug-13 2.8602 3.3442 2.1408

IMF visits Accra from February 12-25, 2014, to conduct discussions for the 2014 Article IV consultation. Press release issued 26 February saying “Ghana’s economy slowed down on the back of sizable external and fiscal imbalances and energy disruptions in the first half of the year”.18-Aug-13 2.7965 3.2645 2.101511-Aug-13 2.7785 3.2167 2.0868

4-Aug-13 2.7653 3.1838 2.0847

28-Jul-13 2.7378 3.1788 2.0719

21-Jul-13 2.681 3.1037 2.0459

14-Jul-13 2.6299 3.0489 2.0335

7-Jul-13 2.6343 3.0743 2.0324

30-Jun-13 2.6454 3.1055 2.0246

23-Jun-13 2.6706 3.132 2.0102

16-Jun-13 2.6635 3.132 2.0038

9-Jun-13 2.6197 3.0746 1.9981

2-Jun-13 2.5863 3.0231 1.9969

26-May-13 2.5716 3.0204 1.9949

Bank of Ghana announces clarifications to its Forex controls impossed on 5 Feb 19-May-13 2.5696 3.0365 1.9893

12-May-13 2.5891 3.0669 1.9795

5-May-13 2.5819 3.0594 1.9699

28-Apr-13 2.5622 3.014 1.9663

21-Apr-13 2.5475 2.9777 1.9469

14-Apr-13 2.5347 2.9759 1.9407

7-Apr-13 2.4928 2.9451 1.9368

31-Mar-13 2.4955 2.9453 1.9394

Bank of Ghana hikes rates and tightens forex controls in bid to defend currency 24-Mar-13 2.5121 2.9363 1.9389

17-Mar-13 2.5085 2.8868 1.927

10-Mar-13 2.4969 2.8815 1.9165

3-Mar-13 2.5156 2.9041 1.9196

24-Feb-13 2.5312 2.9235 1.9039

17-Feb-13 2.5483 2.9729 1.9033

10-Feb-13 2.5813 3.0038 1.9109

3-Feb-13 2.5736 2.9979 1.9016

27-Jan-13 2.5519 3.0253 1.9108

20-Jan-13 2.5384 3.0496 1.9033

13-Jan-13 2.4863 3.0409 1.8907

6-Jan-13 2.5051 3.0795 1.9042

30-Dec-12 2.5102 3.0688 1.9007

23-Dec-12 2.499 3.0706 1.8935

16-Dec-12 2.4629 3.0455 1.891

9-Dec-12 2.469 3.0477 1.8973

2-Dec-12 2.4648 3.0453 1.9007

25-Nov-12 2.4219 3.007 1.8866

18-Nov-12 2.393 2.9847 1.88

11-Nov-12 2.4108 3.0142 1.8867

4-Nov-12 2.4336 3.0288 1.8835

28-Oct-12 2.4421 3.0169 1.8805

21-Oct-12 2.4625 3.0393 1.8905

14-Oct-12 2.4496 3.0377 1.8921

7-Oct-12 2.4553 3.0638 1.8979

30-Sep-12 2.4677 3.0973 1.9116

23-Sep-12 2.4866 3.0933 1.906

16-Sep-12 2.4536 3.058 1.9001

9-Sep-12 2.4352 3.0676 1.9276

2-Sep-12 2.424 3.0592 1.9336

26-Aug-12 2.4143 3.0604 1.9392

19-Aug-12 2.4002 3.0573 1.9483

12-Aug-12 2.412 3.0535 1.9526

5-Aug-12 2.4029 3.059 1.9551

29-Jul-12 2.3888 3.0584 1.9603

22-Jul-12 2.3873 3.0479 1.9499

15-Jul-12 2.3963 3.0319 1.9551

8-Jul-12 2.4354 3.04 1.9472

1-Jul-12 2.4262 3.0198 1.9352

24-Jun-12 2.435 3.0218 1.9286

17-Jun-12 2.4099 2.9826 1.9172

10-Jun-12 2.3673 2.9244 1.8954

3-Jun-12 2.364 2.9478 1.8967

27-May-12 2.3977 2.9823 1.8948

20-May-12 2.4256 3.0252 1.8968

13-May-12 2.436 3.0263 1.8762

6-May-12 2.4493 3.0115 1.8579

29-Apr-12 2.4216 2.9641 1.8335

22-Apr-12 2.3804 2.8973 1.8135

15-Apr-12 2.3444 2.8421 1.7887

8-Apr-12 2.3549 2.8403 1.783

1-Apr-12 2.3627 2.8278 1.7744

25-Mar-12 2.3196 2.7824 1.7549

18-Mar-12 2.2664 2.7159 1.7289

11-Mar-12 2.2591 2.7046 1.7144

4-Mar-12 2.2763 2.7059 1.7035

26-Feb-12 2.2629 2.6913 1.7033

19-Feb-12 2.2476 2.6936 1.7093

12-Feb-12 2.2375 2.6812 1.6957

5-Feb-12 2.2139 2.6544 1.6828

29-Jan-12 2.2244 2.6634 1.7042

22-Jan-12 2.2185 2.6702 1.7328

15-Jan-12 2.1391 2.5842 1.6793

8-Jan-12 2.1255 2.5599 1.6483

1-Jan-12 2.1325 2.5506 1.6397

25-Dec-11 2.1391 2.5583 1.6391

18-Dec-11 2.1628 2.5619 1.6469

11-Dec-11 2.2017 2.5717 1.6442

4-Dec-11 2.2034 2.5691 1.6481

27-Nov-11 2.1866 2.5438 1.6311

20-Nov-11 2.1939 2.5634 1.6158

13-Nov-11 2.2092 2.5793 1.6105

6-Nov-11 2.2176 2.5648 1.6005

30-Oct-11 2.2317 2.5551 1.5948

23-Oct-11 2.2443 2.5693 1.6251

16-Oct-11 2.2205 2.5474 1.624

9-Oct-11 2.1475 2.4936 1.6095

2-Oct-11 2.1425 2.4681 1.5851

25-Sep-11 2.1365 2.4469 1.569

18-Sep-11 2.14 2.4669 1.56

11-Sep-11 2.1518 2.4645 1.5379

4-Sep-11 2.1962 2.4879 1.5273

28-Aug-11 2.1986 2.5029 1.5245

21-Aug-11 2.1954 2.5099 1.5285

14-Aug-11 2.1752 2.4854 1.5257

7-Aug-11 2.1544 2.4686 1.5094

31-Jul-11 2.1759 2.4729 1.5123

24-Jul-11 2.1552 2.4511 1.5149

17-Jul-11 2.1453 2.4353 1.518

10-Jul-11 2.1842 2.4329 1.5167

3-Jul-11 2.1795 2.4285 1.5165

26-Jun-11 2.1681 2.4441 1.5178

19-Jun-11 2.1735 2.4669 1.5188

12-Jun-11 2.207 2.4809 1.516

5-Jun-11 2.1712 2.4738 1.5054

29-May-11 2.1415 2.4651 1.5136

22-May-11 2.1516 2.4569 1.5157

15-May-11 2.1557 2.4649 1.5101

8-May-11 2.2178 2.4942 1.5092

1-May-11 2.212 2.4955 1.505

24-Apr-11 2.1851 2.479 1.512

17-Apr-11 2.1847 2.4674 1.5113

10-Apr-11 2.1611 2.4568 1.5109

3-Apr-11 2.1577 2.4502 1.5271

27-Mar-11 2.1663 2.4806 1.5302

20-Mar-11 2.1316 2.4536 1.5224

13-Mar-11 2.1155 2.4579 1.5205

6-Mar-11 2.0928 2.4528 1.5103

27-Feb-11 2.0634 2.4336 1.5039

20-Feb-11 2.0386 2.4214 1.5027

13-Feb-11 2.0862 2.4661 1.5338

6-Feb-11 2.1459 2.5193 1.5686

30-Jan-11 2.0907 2.4365 1.5315

23-Jan-11 2.0096 2.3826 1.4947

16-Jan-11 1.9428 2.3259 1.4826

9-Jan-11 1.9566 2.3056 1.4841

2-Jan-11 1.9533 2.2848 1.477

26-Dec-10 1.9286 2.2716 1.4683

19-Dec-10 1.9414 2.2956 1.4631

12-Dec-10 1.9314 2.2919 1.4532

5-Dec-10 1.909 2.2591 1.4463

28-Nov-10 1.9434 2.2857 1.4451

21-Nov-10 1.9621 2.3059 1.4403

14-Nov-10 1.9866 2.317 1.4376

7-Nov-10 2.0173 2.3158 1.4372

31-Oct-10 1.9853 2.2613 1.427

24-Oct-10 1.9948 2.2628 1.4325

17-Oct-10 2.0006 2.2833 1.4323

10-Oct-10 1.9726 2.2618 1.4241

3-Oct-10 1.938 2.2534 1.4248

26-Sep-10 1.9008 2.245 1.4324

19-Sep-10 1.8555 2.2258 1.4333

12-Sep-10 1.8304 2.2097 1.4341

5-Sep-10 1.8331 2.215 1.4339

29-Aug-10 1.8221 2.2242 1.4347

22-Aug-10 1.8368 2.2372 1.4353

15-Aug-10 1.8633 2.2546 1.4321

8-Aug-10 1.8887 2.2743 1.433

1-Aug-10 1.878 2.2488 1.4444

25-Jul-10 1.8756 2.2251 1.4544

18-Jul-10 1.8446 2.1992 1.4463

11-Jul-10 1.8204 2.1863 1.4437

4-Jul-10 1.7729 2.1613 1.4326

27-Jun-10 1.7719 2.1406 1.4363

20-Jun-10 1.7608 2.1135 1.433

13-Jun-10 1.7234 2.0824 1.4339

6-Jun-10 1.7457 2.0847 1.4324

30-May-10 1.7672 2.0678 1.4312

23-May-10 1.7661 2.0539 1.4238

16-May-10 1.8007 2.1032 1.4249

9-May-10 1.8452 2.1427 1.4239

2-May-10 1.8823 2.1694 1.4162

25-Apr-10 1.9 2.1764 1.417

18-Apr-10 1.9171 2.1782 1.4136

11-Apr-10 1.9039 2.1643 1.4178

4-Apr-10 1.9114 2.1424 1.4175

28-Mar-10 1.9007 2.1157 1.4149

21-Mar-10 1.9417 2.1528 1.4202

14-Mar-10 1.9334 2.1335 1.4149

7-Mar-10 1.9373 2.1458 1.4235

28-Feb-10 1.9345 2.1893 1.4243

21-Feb-10 1.9422 2.2271 1.4259

14-Feb-10 1.9611 2.2418 1.4326

7-Feb-10 1.9905 2.2823 1.4386

31-Jan-10 2.0108 2.3102 1.4324

24-Jan-10 2.0237 2.3107 1.4216

17-Jan-10 2.0545 2.3004 1.4206

10-Jan-10 2.0588 2.2993 1.4332

3-Jan-10 2.0581 2.2973 1.4325

27-Dec-09 2.0511 2.293 1.4305

20-Dec-09 2.0765 2.3246 1.4322

13-Dec-09 2.1202 2.3474 1.4371

6-Dec-09 2.1546 2.3744 1.435

29-Nov-09 2.1415 2.3672 1.4306

22-Nov-09 2.1359 2.3901 1.4327

15-Nov-09 2.1388 2.3866 1.4325

8-Nov-09 2.117 2.3606 1.4312

1-Nov-09 2.1368 2.3596 1.4394

25-Oct-09 2.1574 2.3677 1.4415

18-Oct-09 2.1468 2.3195 1.4461

11-Oct-09 2.1281 2.3094 1.4485

4-Oct-09 2.1167 2.3097 1.449

27-Sep-09 2.1334 2.3471 1.4497

20-Sep-09 2.1324 2.3983 1.4548

13-Sep-09 2.1031 2.4018 1.4534

6-Sep-09 2.0861 2.3789 1.4606

30-Aug-09 2.0954 2.3946 1.4646

23-Aug-09 2.0919 2.4277 1.4727

16-Aug-09 2.0972 2.446 1.4771

9-Aug-09 2.1332 2.5063 1.4895

2-Aug-09 2.1321 2.4814 1.5038

26-Jul-09 2.129 2.4663 1.5003

19-Jul-09 2.1013 2.4425 1.4976

12-Jul-09 2.0897 2.4294 1.4983

5-Jul-09 2.1019 2.4623 1.4965

28-Jun-09 2.0846 2.4516 1.491

21-Jun-09 2.0721 2.441 1.4888

14-Jun-09 2.0795 2.4153 1.4855

7-Jun-09 2.0964 2.4095 1.4819

31-May-09 2.0573 2.3504 1.4697

24-May-09 1.9965 2.2653 1.4557

17-May-09 1.9739 2.2057 1.4516

10-May-09 1.9412 2.1829 1.4503

3-May-09 1.9122 2.1341 1.4478

26-Apr-09 1.8815 2.111 1.4411

19-Apr-09 1.8876 2.1228 1.4318

12-Apr-09 1.8892 2.092 1.4203

5-Apr-09 1.8811 2.0448 1.412

29-Mar-09 1.9071 2.0471 1.4109

22-Mar-09 1.8521 1.9868 1.3986

15-Mar-09 1.7847 1.9465 1.3981

8-Mar-09 1.7589 1.9731 1.3948

1-Mar-09 1.772 1.9977 1.3886

22-Feb-09 1.7483 1.9663 1.3754

15-Feb-09 1.7504 1.9734 1.356

8-Feb-09 1.724 1.9444 1.3407

1-Feb-09 1.7214 1.8689 1.3215

25-Jan-09 1.7031 1.8425 1.3053

18-Jan-09 1.7256 1.9206 1.2986

11-Jan-09 1.7524 1.9138 1.2848

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

14%

16%

2.1

2.2

2.3

2.4

2.5

2.6

2.7

2.8

1-Jan 8-Jan 15-Jan 22-Jan 29-Jan 5-Feb 12-Feb 19-Feb 26-Feb 5-Mar 12-Mar 19-Mar 26-Mar

Rat

e o

f D

ep

reci

atio

n

Exch

ange

Rat

e (

USD

/GH

S)

Ghana Cedi YTD Exchange Rate and Depreciation

USD per 1GHS % Change (Rate of Depreciation)

Key Events

5 Feb: Bank of Ghana hikes interest rates and tightens forex controls in a bid to defend local currency. 13 Feb: Bank of Ghana announces clarifications to its Forex controls imposed on 5 Feb. 26 Feb: IMF team visits Accra from February 12-25 to conduct discussionsfor the 2014 Article IV consultation. Press release issued 26 February saying “Ghana’s economy slowed down on the back of sizable external and fiscal imbalances and energy disruptions in the first half of the year”. 21 Mar: Ghana cancels 5-year domestic bond auction and planned $1bn Eurobond. 26 Mar: We’ll continue to borrow for development purposes - Prez Mahama. 27 Mar: Stanchart Research warns of significant near-term challenges. 28 Mar: Ghana’s Rating Outlook Cut by Fitch as Deficit Goal Breached. JPMorgan sees Ghana Cedi dropping 20% on inflation and low reserves. 02 Apr: MPC of the Bank of Ghana to hold its 60th regular meeting beginning March

Highly volatile FX rates pre-BOG

intervention. See red depreciation

Reduced volatitily in FX rates post BOG

intervention but Cedi still loosing value due to weak fundamentals

Policy inconsitency and double talk by

gov't officials the last few days sends Cedi

further tumbling

© Theo Acheampong, Africa Economics LLC, 2014

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Weekly Ghana Cedi Exchange Rate Movement against the Pound, Euro and Dollar

EUR/GHS GBP/GHS USD/GHS

Post 2008 election austerity

programme

Cedi loses value in the run up to

the 2012 elections

Twin budget and current

account deficits

Bank of Ghana Forex

Controls