Weak Cedi Takes Toll on Ghanaian Businesses
International News
November 14, 2024
The weakening of the Ghanaian cedi is significantly affecting local businesses, as they face rising costs and reduced purchasing power. Dora Quarshie, a trader in Accra, highlights that the unstable currency has led to unpredictable price increases, making it harder for small businesses to maintain consistent profits. Joe Jackson, CEO of Dalex Finance, explains that the depreciation of the cedi is causing disruptions in supply chains, especially for companies reliant on imported goods.