The Ghanaian cedi
will remain highly volatile through the remainder of the year, but the overall trend will be of depreciation.
"When my rent was initially quoted in [US dollars], this meant I may be paying close to three times what I paid a year ago due to the falling cedi
. It could cause one to raise their arms and give up" she says.
Although the cedi
has over the past couple of weeks clawed back some gains, prices have remained high.
Scrapping the cedi
could lift Ghana's confidence and GDP, but only citizens can stop corruption
The following agents were also elected to serve a three-year term on the HAM board of directors; Susan Loffin Johnston of Vicksburg Insurance Agency in Vicksburg; Gray Montgomery of SouthGroup Insurance Services in Hattiesburg; Pam Wilson of Lemon-Mohler Insurance Agency in Ocean Springs; and Cedi
Vaughan of Galloway Chandler McKinney Insurance Agency in Columbus.
Turkish guard Cedi
Osman was selected the "Most Valuable Player" of the tournament.
The West African state's growth is based on exports of gold, oil and cocoa, but import-led demand for dollars has punished the cedi
The Ghanaian cedi
, for example, has hit record lows, forcing the central bank to stabilise it.
However, in the present paper the Central European Drought Index (CEDI
) is introduced which can be calculated with one-month lead time prior to the onset of the event using analysis data of geopotential and the Bivariate ENSO Index Time series (BEST), representing the status of the ENSO.
Among the vulnerabilities the authorities will have to watch are a current-account balance-of-payments deficit equivalent to about 9% of gross domestic product, official international monetary reserves that currently cover only about three months' worth of imports, a monetary policy that will have to remain fairly tight to contain the exchange market depreciation of the cedi
(the local currency) and rebuild reserves and official spending slippages that resulted, inter alia, from a larger-than-budgeted wage increase and the re-emergence of energy subsidies.