$1 to GH¢1 will crash Ghana’s export sector – President Mahama
According to him, the recent appreciation of the cedi is due to close coordination between fiscal and monetary policies by the Central Bank and the Ministry of Finance.
CEDI APPRECIATION
GHANA’S CEDI ROARS BACK: GITFIC PROJECTS 29% APPRECIATION IN 2025
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.
President Mahama urges businesses to reflect cedi gains in prices
President John Dramani Mahama has reaffirmed his administration’s commitment to fiscal discipline
Cedi records strongest performance in years against major trading currencies
The local currency has surged to its strongest performance against its major trading currencies.
Cedi remains strong, sells at GH¢12.89 to a dollar on the interbank market.
The market remained liquid following an aggregate market supply of US$378.6 million.
GUTA urges traders to lower prices following cedi appreciation.
The Ghana cedi has experienced a notable recovery in recent weeks