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London-based Economist Intelligence Unit (EIU) is expecting the cedi’s end of year rate against the dollar to hit ¢7.87 as captured in its April 13, 2022, assessment of the Ghanaian economy.
The expected depreciation of the local currency against the dollar for the next eight months of this year, according to the EIU will be influenced by the import structure of the economy and some actions of the offshore investors in Ghana’s bonds.
The EIU also adjusted its average end of year depreciation from ¢6.55 to ¢7.35.
Source: myJoy
