Skip to content

History Shows Ghana Cedi’s Fall May Extend Even After Rate Hike

Ghana’s currency has dropped for 15 straight weeks and the depreciation may extend, if history is any guide. 

The cedi has weakened 36.3% this year making it the world’s worst-performing currency after Sri Lanka’s rupee. A 30-year analysis shows that every time the measure has dropped for 15 straight weeks -- there have been 28 such instances in the period -- the fall has extended each time.