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Cedi loses strength against US dollar for first evaluating window of December – IES

The Ghana cedi additionally lost its steadiness imperceptibly against the US Dollar by 0.52 percent.

 Fuel costs remained to a great extent stable for the primary estimating window of December 2020. 


This is as per a survey by the Institute for Energy Security (IES). 


Oil Marketing Companies (OMCs) kept up costs of fuel and gasoil at the siphon with a couple of them expanding their costs. 


The expansion in costs was in light of global turns of events. 


Right now, the public normal cost of fuel per liter at the siphon is GH¢4.57. 


As per IES' market examine, "Zen Petroleum, Benab Oil, Petrosol and Frimps Oil sold the most minimal cost per liter of gas and gasoil at the siphon." 


The Ghana cedi additionally lost its dependability possibly against the US Dollar by 0.52 percent to exchange at a normal cost of GH¢5.79 over the main valuing window for the period of December. 


The IES, nonetheless, ventures that for the second valuing window for the long stretch of December, "inferable from the 7.06 percent expansion in costs of global benchmark - Brent unrefined, the 7.5 percent increment in costs of gas, the 9.3 percent increment in gas costs and the 0.52 percent decrease of the neighborhood money against the U.S. dollar," costs of fuel on the homegrown market will stay stable, as the finish of year celebrations approach.

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Cedi Ghana IES Oil Marketing Companies US

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