Senior Financial Examiner at Databank Exploration, Fortitude Martey, uncovers why the Cedi is evaluated as Best money in Africa, he said:
“The Ghana cedi finished the main quarter of 2021 with one more amazing execution, like what it did in the principal quarter of 2020.”
“You will review that in the principal quarter of 2020, the neighborhood cash finished the quarter with an enthusiasm for practically 1.7% against the US dollar and that made it the second strongest money in our container of 15 African monetary standards, just behind the Egyptian pound.”
“It is very great, against the way that the pandemic has not yet given way, so there is still such a lot of vulnerabilities inside the worldwide monetary market space.
“Colossal on account of the Bank of Ghana’s mediation measures, especially on the FX forward market yet the critical inflows of unfamiliar portfolio interests into the security market particularly during this year has been fundamentally strong of the Ghana cedi to set up the sort of execution we find in the primary quarter of 2021.”