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Apr 8, 2014

Ghana currency measures will halt slide soon – Finance Minister

Ghana's Finance Minister Seth Terkper defended steps taken by the government to halt a steep fall in the cedi currency and told the Reuters Africa Summit the measures would soon start to take effect.

The cedi has fallen 14.6 percent this year on top of a drop of around 20 percent in 2013 and many analysts argue the decline is not simply a reflection of strong dollar demand for imports but also a leading indicator of weakness in the macro economy. – Reuters