How Ghanaian startups are dealing with a failing currency - TechCabal


8/23/2022 12:00:00 AM2 years 8 months ago
by Sultan Quadri

Since January, the cedi has weakened 30% and is, according to Bloomberg, the second worst performing currency in the world, behind the Sri Lankan rupee. We spoke with Ghanaian startups to find out how they are coping with the failing currency.

Inflation in Ghana has been rising for the past 11 months, hitting 31.7% in July, up from 29.8% the previous month. This is the highest figure the West African country has recorded since November 200… [+3368 chars]

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