Ghana Cedi Weakens After Public Holiday Causes Dollar Demand to Accumulate

Ghana’s currency, the cedi, weakened against the dollar after a public holiday caused demand for the greenback to accumulate.

The cedi depreciated for the third trading session out of four by 0.2 percent to 1.4565 at 1:10 p.m. in Accra, from a close Dec. 2 of 1.4530, said Chris Nettey, a currency trader at Standard Bank Group Ltd.’s unit in the West African nation.

Dec. 3 was a public holiday in Ghana, closing shops and offices in celebration of Farmers’ Day.

To contact the reporter on this story: Jason McLure in Accra on jmclure@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.

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