African currencies happens not to be doing well against the world giant currencies. The Naira as at Thursday traded at whooping 590 per dollar.
And the Ghanaian cedis at 8.2/$
Lets compare the Ghanaian Cedis to some of the countries around us that we trade with.
1 cedi = 54.06 Nigerian Naira
1 dollar equals 414.53 Nigerian Naira and black market exchange rate at 590 Naira/$
1 dollar is equivalent to 7.67 Ghanaian Cedi but black market price at 8.0/8.1 per $
1 dollar = 606.82 West African CFA franc
1 cedi = 79.14 West African CFA franc
1 Chinese yuan = 1.20 Ghanaian Cedi
1 dollar = 6.37 Chinese Yuan
1 pound sterling = 10.02 Ghanaian Cedi
1 Euro = 8.29 Ghanaian Cedi