The Ghanaian cedi is now an international currency, according to The Statesman, a Ghanaian newspaper.
For the first time ever in this countryâ€™s history, and indeed in the history of any local currency in West Africa, the cedi, once rated among the most discredited currencies across the globe, is going to be traded publicly on the international market.
Friday, the African Development Bank launched a two-year fixed rate Eurobond offering in cedis, the first supranational borrower to issue in the West African nationâ€™s currency, according to Reuters.
“This is the first supranational borrower to issue in Ghanaian cedis, or indeed any west African currency,â€ Ade Adebajo, director of debt capital markets-Africa at Standard Chartered, said on a conference call with AfDB officials.
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