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Ghana's currency, the cedi, hit record lows on Tuesday
According to Reuters, badysts say this is mainly due to global pressures, as investors continue to exit emerging market badets.
A currency trader at a major lender in Accra told Reuters that: "It's a combination of pressures on emerging market liquidity and a bodily (dollar) non-dollar demand. satisfied. "
The currency that has weakened since early May reached 4.88250 for a dollar on Tuesday.
Cumulatively, the local unit depreciated 5.3 percent in the first six months, compared with 3.3 percent in the first half of last year.
Ghana reported that it had significantly increased its weekly dollar sales to banks in support of the local currency.
The bank's cash did not respond to Reuters demand for comment on Tuesday
Ghana, which exports cocoa, gold and oil, is in the last year of a $ 918 million credit agreement signed in 2015 with the International Monetary Fund to reduce the budget deficit, inflation and debt and to stabilize the local currency.
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