Clever, the cross-border funds firm, has suspended transfers in Ghana’s cedi foreign money after a speedy appreciation in opposition to the greenback this week made it costlier to maneuver cash to Ghana.
The Cedi is up 47% this week in opposition to the greenback, a report appreciation for a foreign money that solely final week had been among the many yr’s worst performers.
On Tuesday, Ghana and the Worldwide Financial Fund introduced a staff-level agreement for a $3 billion reduction programme.
A spokesperson for Clever mentioned that Cedi capabilities could be restored “as quickly because the state of affairs has stabilised”.
