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View Full Version : Ghana's Cedi Weakens for Fourth Day as Traders Seek Dollars - Bloomberg



NewsWhore
08-12-2011, 12:30 PM
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Ghana&#39;s Cedi Weakens for Fourth Day as Traders Seek Dollars (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHtn5iuTP_gTSP9aO4qJzTnBl_nMQ&url=http://www.bloomberg.com/news/2011-08-12/ghana-s-cedi-weakens-for-fourth-day-as-traders-seek-dollars.html)
Bloomberg
“Today the demand pressure was from traders and manufacturers,” Othniel Kwainoe, a currency trader at the local unit of Standard Chartered Bank Plc said by phone. Traders sought the US currency to import goods for resale while manufacturers bought the ...

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