July 6 (Bloomberg) -- Ghana’s cedi weakened for the first time in three days against the dollar as traders bought the U.S. currency to import confectionery, food and clothing.
The currency of the world’s second-biggest cocoa producer depreciated 0.2 percent to 1.5175 per dollar by 12:07 p.m. in Accra, the capital, according to Bloomberg data.
“The cedi might close weaker, considering the demand waiting for execution on the market,” Biggles Amponsah, a currency trader at the local unit of Access Bank Plc, said in a telephone interview today. Demand is coming “from those who buy and sell consumer goods.”
--Editors: Ana Monteiro, John Kohut
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