Frozen Protein Product Prices Expected to Increase due to Ghana Cedi Depreciation

The Ghanaian cedi (GHC) has depreciated nearly 60% against the US dollar YTD. Some Frozen protein product importers have opted to hold off on new imports as they are currently experiencing forex losses. This has also created a high demand for US dollars as a store of value. Prices of all frozen protein imports are expected to rise commensurate with the depreciation of the Ghanaian cedi.