Here is how the Ghana Cedi performed against the US Dollar in 2023
6. June (MO6): 11.0
June maintained the status quo, with the exchange rate remaining steady at 11.0. The consistent performance might have contributed to a sense of stability in the foreign exchange market.
7. July (MO7): 11.0
Similar to the previous months, July saw the Cedi holding its ground at an exchange rate of 11.0. The consecutive months of stability might have influenced market sentiments positively.
8. August (MO8): 11.0
The trend continued into August, with the Cedi-Dollar exchange rate staying at 11.0. The sustained level could have implications for businesses engaged in international trade and investment.
9. September (MO9): 11.1
As the year progressed to September, a slight increase was observed, with the exchange rate reaching 11.1. This uptick might trigger discussions among analysts about potential influencing factors and policy implications.