LONDON (Reuters) – Ghana’s cedi currency extended its rally on Thursday to strengthen another 15% and hit levels last seen in late July after the country reached a staff-level agreement on a $3 billion loan with the International Monetary Fund.
The currency strengthened to 8 to the dollar in a fifth straight session of gains, although it is still down more than 30% since the start of the year, Refinitiv data showed.
The IMF and the embattled west African country announced on Tuesday that they had reached a preliminary agreement.
(Reporting by Karin Strohecker; Editing by Jon Boyle)
