Ghana's currency, the cedi, has experienced a second consecutive day of appreciation due to the central bank's intervention. Last week, the Bank of Ghana sold $214 million to the market through two- and seven-day contracts in order to strengthen the cedi's value.

This action by the central bank is part of ongoing efforts to stabilize the currency amidst economic challenges, particularly in a country that is Africa's largest gold producer. Market analysts from Databank Group have acknowledged the impact of the central bank's measures on the currency's performance, emphasizing their significance in maintaining economic stability.

As of 3:33 p.m. in Accra, the cedi is trading at 16.3302 per dollar, reflecting a 0.2% gain.