Market Research Correspondent

Cedi Ready for Rebound on High Real Rates, Societe Generale Says

Cedi Ready for Rebound on High Real Rates, Societe Generale Says


Ghana’s cedi looks ripe for a rebound after hitting a new low against the dollar, helped by high interest rates, a better outlook for government finances and earnings from gold.

“We believe the upside to the dollar/cedi is limited now, as risks concerning Ghana’s outlook should already be in the price, while real rates are likely to remain wide and positive,” SG strategist Gergely Urmossy wrote in a note to clients.



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