The Ghana cedi appreciated significantly against the United States dollar over the past week, strengthening from an interbank buying rate of GH¢11.75 on August 10 to GH¢10.94 on August 17, according to Bank of Ghana daily exchange rate data. 
The development represents an appreciation of about 6.9 per cent against the dollar within seven days. 
Bank of Ghana data showed that the dollar’s interbank buying rate initially rose marginally to GH¢11.7641 on August 11 before declining to GH¢11.73 on August 12. 
The cedi then strengthened further, with the dollar’s buying rate falling to GH¢11.34 on August 13 and GH¢10.97 on August 14. 
By August 17, the first trading day after the weekend, the rate had declined further to GH¢10.94, its lowest level during the period under review. 
The dollar’s interbank selling rate followed a similar trend, falling from GH¢11.77 on August 10 to GH¢10.96 on August 17. 
The cedi also appreciated against other major international currencies
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