Analysts noted that Ghana’s cedi remains vulnerable, continuing its downturn as the third-worst performing African currency this year, with a more than 7% depreciation against the dollar. Despite the IMF’s USD 3 bln bailout and improved reserves standing at USD 5.9 bln, the currency may weaken further due to ongoing negotiations with Eurobond investors and the country’s heavy reliance on imports. The government is optimistic, however, projecting an acceleration in GDP growth to 2.8% for the year, up from 2.3% in the previous year.