The Ghana cedi continued its free fall, losing value twice within a day to sell at ¢14.50 to one US dollar.


This translated to 5.45% depreciation in a day and 17.5% in four days of the week.



It began the day at ¢13.75 to the American ‘greenback’ but declined in value further to ¢14.50, according to quotations by the forex bureaus.


In nominal terms, the cedi has lost about 135% value to the world’s most important currency.

In real terms, the local currency has depreciated by about 55% to the dollar.


The cedi also lost more grounds to the pound and euro, despite the two currencies struggling to compete with the US dollar.


It is going for ¢16 to the pound and ¢13.3 to the euro.