Ghana’s currency, the cedi, was unchanged as demand for dollars by importers was matched by investors bringing greenback into the country to buy bonds, according to Standard Bank Group Ltd.
The cedi traded at 1.4820 at 1.40 p.m. in the capital, Accra, unchanged from earlier in the day, said Chris Nettey, a trader with the bank’s Ghanaian unit.
“There were inflows of dollars offshore from those buying bonds on the secondary market but this was matched by demand by people who needed dollars to import goods and services,” Nettey said by phone today
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