$1.05 Billion Cocoa Loan Has Stabilised The Ghana Cedi---BoG

07 December 2017, 12:48 UTC

The Bank of Ghana (BoG) has confirmed receipt of $1.05 billion of this season rsquo;s cocoa loan, which it says is instrumental in stabilising the cedi against its seasonal depreciation pressures. The inflows have also boosted the country rsquo;s gross reserves, bolstering them to $6.9 billion, equivalent to 3.9 months of import cover in ...

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