| The cedi dropped 12 cents against the U.S. dollar and 83 cents against the pound at the end of April. |
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| But this measure, by creating a dollar black market, had the opposite effect: last year the cedi lost more than half its value. |
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| Effective 1 July 2007, the Ghana cedi was re-denominated and is now worth 10,000 old cedis. |
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| A part from an appreciation against the cedi and to a lesser extent the Leone, the Naira depreciated against all the other ECOWAS currencies. |
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| Its commitments in the country stand at 12,000 billion cedi in 87 operations. |
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| The bank had said last year that it would use the Chinese currency to shore up value of the cedi. |
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| Ghesika Agambila said that the fall of the cedi is a reflection of how the nation's economy is being managed. |
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| Analysts think the bond issue is likely to boost Ghana's cedi currency as the issue draws foreign demand. |
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| A second, 300-million cedi bond sold in March was also oversubscribed, while 87 percent of the 250 million cedis of three-year securities offered at a June 3 sale were sold. |
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| The products made by CEDI include tests for the early diagnosis of foot and mouth disease or swine fever. |
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