Modeling and Forecasting the Ghanaian Cedi’s Exchange Rate Volatility Against Major Global and Regional Currencies: Evidence from the Bank of Ghana Interbank Market
This study models and forecasts the daily volatility of the Ghanaian cedi (GHS) against eight major and regional trading-partner currencies (the United States dollar, the pound sterling, the euro, the Swiss franc, the Japanese yen, the Chinese yuan, the South African rand, and the Nigerian naira) using symmetric GARCH...