Ghana’s cedi slumped on Monday to become the world’s worst-performing currency this year as investors continued to squeeze foreign capital into the West African country.
The currency of the world’s second-biggest cocoa producer depreciated as much as 3.3%, before paring the loss to 11.2750/$ in the capital, Accra. That took its losses this year to more than 45%, the most among 148 currencies tracked by Bloomberg.
The decline of the…
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