In a dramatic turnaround, the Ghanaian cedi is set to solidify its comeback against the U.S. dollar, with the Ghana International Trade and Finance Conference (GITFiC) forecasting an average exchange rate of just 10.02 GHS per USD for 2025—an impressive 28.94% improvement on 2024’s average of 14.10 GHS/USD.
The Bank of Ghana (BoG) has announced plans to mark 60 years since the Cedi became Ghana’s official currency, with
In just eighteen months, Ghana’s cedi reversed an 18% slide – falling from GHS 16.53 to GHS 13.47 per USD – through bold policy actions, innovative programs, and national resilience.
Ghana’s local currency, the cedi, is maintaining its upward trajectory against major trading currencies, particularly the US dollar, at various forex bureaus.
Market analysts are forecasting continued volatility for the cedi, which has now surpassed GHS 17 to the US dollar amid
The International Monetary Fund (IMF) and Ghana have reached a staff-level agreement on the third review of Ghana’s $3 billion
The year 2023 saw an increase in staff involvement in fraudulent activities recorded in Banks and Specialized Deposit-Taking Institutions (SDIs)
Some commercial banks have started reintroducing charges on foreign exchange accounts after previously suspending these fees due to regulatory pressure.
The Ghanaian Cedi has crossed the GH¢16 mark against the US Dollar on the currency retail market. A survey conducted
Vice President Dr. Mahamudu Bawumia has revealed plans to anchor the Cedi’s value to gold, aiming to stabilize the local
