Ghana: Demand for Dollar to Increase As Importers Prepare for Christmas Festivities

Currency deals say governments needs to be proactive to forestall a free fall of the cedi as importers prepare to place orders for Christmas

Currency dealers are cautioning that the demand for the dollar will rise in August as importers begin placing orders for Christmas goods. Traditionally, the cedi has depreciated from August through November, a trend exacerbated in the past two years by delays in the cocoa syndicated loan and Ghana’s exclusion from the capital market due to its debt distress.