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As Ghana waits for a financial bailout from the International Monetary Fund (IMF), the country’s currency continued its slide versus the dollar after the respective currencies’ exchange rate slipped to just under C15:$1. Following this latest plunge, the cedi has now depreciated by more than 55% in 2022 and this makes it the world’s worst-performing currency. World’s Worst Performing Currency The depreciating Ghanaian currency — the cedi — recently touched a new low versus the U.S. dollar on the forex parallel market after it reportedly slipped by 12% in just four ...
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