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[QUOTE="Queen, post: 88978, member: 27"]
Strong cedi kept pump prices from exploding despite crude oil hitting one hundred nineteen dollars a barrel amid Middle East tensions.

Cedi Stability Credit
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[*]Dr. Steve Manteaw praised the local currency for cushioning fuel costs against external shocks.
[*]Geopolitical conflict since February twenty eight disrupted the Strait of Hormuz supply route.
[*]Godwin Edudzi Tamakloe echoed that a weaker cedi would have driven prices much higher.
[*]Managers maintained stability for over thirteen months, anchoring pressure from the crisis.
[/LIST]
Hypothetical Impact
[LIST]
[*]Tamakloe warned prices could reach twenty-three cedis per litre at fifteen to sixteen to the dollar.
[*]Without the firm exchange rate, crude volatility would have sent costs through the roof.
[*]Current performance prevented worse outcomes for consumers facing transport inflation.
[*]Analysts noted the currency helped moderate adjustments even as oil surged.
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