The cedi almost hit the $1: GHS6 mark about a month ago but began gaining value a week ago after the government pumped $800 million into the system coupled with the recent $3 billion Eurobond which was oversubscribed by six times.
The local currency, as of Friday, 22 March 2019, was trading at $1: GHS5.1.
Checks show that the two oil marketing companies hiked their litre price of diesel and petrol by six pesewas.
Consequently, a litre of petrol and diesel are sold at the pump for GHS5.24.
This represents a 1.16 per cent increase from the recently-hiked GHS5.18.
This is the second fuel price hike in March.
Other OMCs are yet to adjust their pump prices.
Source: Ghana/ClassFMonline.com/91.3FM
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