Ghana Cedi Weakens 7th Day as Bond Investors Repatriate Earnings
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Ghana’s cedi weakened for a seventh day, the longest losing streak in more than eight months, as bond investors bought dollars to transfer coupon payments.
The currency of the world’s second-biggest cocoa producer depreciated 0.3 percent to 1.9075 a dollar as of 1:21 p.m. in Accra, the capital. A close at this level will be the lowest since Sept. 24, according to data compiled by Bloomberg.