The cedi has been rated among the world’s best-performing currencies in recent weeks, drawing praise from businesses and policymakers alike. However, a new policy discussion paper by the Centre for Policy Scrutiny (CPS), titled ‘Ghana’s Cedi Holds Steady – But Can the Calm Last?’, cautions that this impressive run mayContinue Reading
The Ghana cedi started this week on a weaker note after strengthening against the US dollar last week amid a weakening US dollar Index. It depreciated slightly against the American greenback in the retail market, going for GH¢16.00. This culminated in a year-to-date depreciation of 2.36%. It is, however, unclearContinue Reading
The Ghana Cedi placed 7th as the strongest currency in Africa as of the end of the first quarter of 2025. Its currency per value was estimated at GH¢15.48 to one US dollar. This rating is courtesy of the Forbes currency calculator According to the Bank of Ghana, the CediContinue Reading
The Ghana cedi lost 2.4% in value to the US dollar in the first month of 2025. This is compared to a depreciation of 1.3% during the same period last year. According to the Bank of Ghana, the local currency traded at a rate of GH¢15.06 to the American greenbackContinue Reading
The Ghana cedi lost 0.48% to the dollar last week, increasing its year-to-date loss to 1.27% with just 13 days into 2025. Cedi loses grounds against dollar, but records gain against pound; one dollar equals GH¢15.85 The local currency closed closing at a mid-rate of GH¢15.68 to one American greenback.Continue Reading
The cedi is projected to close 2025 around GHȼ 17.70 with a potential deviation of ± GHp20. This forecast by Databank Research suggests a relatively stable foreign exchange market this year, supported by key economic and market drivers. Databank Research in its 2025 Ghana Market Outlook, attributes the cedi’s expectedContinue Reading
The Ghana cedi is projected to close the year around GH¢17.70 to one US dollar in 2025, with a deviation of ± GHp20, Databank Research has revealed. Its expectation is supported by the likely strengthen of gold reserves and the upgrade of the Ghanaian economy which is expected to boostContinue Reading
The Bank of Ghana Governor, Dr. Ernest Addison, has maintained that the Ghana cedi’s stability in 2025 will largely depend on the economy and some monetary policy measures under implementation by the Central Bank. “The Domestic Gold Purchase Programme has been one of the major factors that has contributed toContinue Reading
The Ghana cedi strengthened across the major currencies last week amid thin forex liquidity as yuletide demand appeared to have waned. The Bank of Ghana sold US$20 million to Bulk Oil Distributors at a forward rate of GH¢14.7690/$ compared to GH¢14.8133/$ in the previous auction, indicating slowing demand pressures. WithoutContinue Reading