FX Leakages, not Imports, Driving Cedi Depreciation as Ghana’s $5.1bn Trade Surplus Eroded by $7.96bn FX Outflows Chief Executive Officer of Dalex Finance, Joe Jackson, has attributed the persistent depreciation of the Ghana cedi to structural foreign exchange leakages rather than the widely held view that excessive imports over exports are the primary driver. Speaking […]
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FX Leakages, not Imports, Driving Cedi Depreciation as Ghana’s $5.1bn Trade Surplus Eroded by $7.96bn FX Outflows
NorvanReportsBy Norvan Acquah HayfordMon, 13 Apr 2026 · 2d ago1 views
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Dalex Finance CEO Joe Jackson states Ghana's cedi depreciation is primarily due to foreign exchange leakages, not excessive imports. He noted a $5.1 billion trade surplus was eroded by $7.96 billion in FX outflows. This challenges the common belief that imports are the main driver of the cedi's decline.
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