Bank of ghana dollar rate
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Jan 15, 2018 · ACCRA, Jan 15 (Reuters) - Ghana's cedi will be more stable in 2018 than last year, helped by lower inflation outlook and higher oil production, the central bank said on Monday. The currency of the major commodity exporter declined 4.88 percent to the dollar in 2017, its best performance in five years, compared to a 9.6 percent slip in 2016, according to Bank of Ghana interbank reference rate.
Banks in Ghana are relatively small, with the largest in the country, Ecobank Ghana Ltd., holding assets totaling about USD 1.3 billion. The Central Bank increased the minimum capital requirement for commercial banks from 120 million Ghana cedis (USD 24 million) to 400 million (USD 80 million), effective December 2018, as part of a broader ...