A woman holds 03 July 2007 in Accra a wad new currency, the new cedi, that Ghana put in circulation that day, although the old money will still be valid until the end of the year. Currently, the cedi is one of the least valued currencies in Africa: 9000 cedis equal one US dollar. Ernest Addison, head of research at the Bank of Ghana, assured in November 2006 that the changeover was not a revaluation nor devaluation, and will not affect foreign exchange. AFP PHOTO / ISSOUF SANOGO (Photo credit should read ISSOUF SANOGO/AFP/Getty Images)

The Ghana cedi is seen firm next week on increased central bank dollar sales amid softening forex demand by businesses, analysts have said.

For the second week in a row, the local unit has steadily recouped recent losses against the greenback after weakening to record lows last month.

It was trading at 4.92 to the greenback by mid-morning on Thursday, compared with 4.95 a week ago.

“We expect (greenback) supply to remain strong in the week ahead while demand remains stable,” Raphael Adongo Adubila, currency analyst at Accra-based Northstar Home Finance said.

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