Princess Avenyoh
The Ghana cedi has gained 40.7% against the US dollar from January to July 2025, showing strong recovery and investor confidence.
As of July, the cedi was trading at GH¢10.45 to the dollar on the interbank market, according to Bank of Ghana data.
In May, it appreciated by 43% against the dollar and held strong in June with a 42.6% rise, maintaining its upward momentum.
The cedi also appreciated against other major currencies like the euro and pound, recording steady gains over the months.
In June and July, it gained 25.6% and 24.2% against the euro, trading at GH¢12.11 and GH¢12.25 respectively.
It appreciated by 30.3% and 31.2% against the pound in June and July, with the pound now at GH¢14.02.
In the last two weeks, the cedi remained stable, closing at GH¢10.48 per dollar on the interbank market, a slight dip of 0.47%.
On the retail market, the cedi currently trades at GH¢12.00 per dollar, showing consistent performance despite market volatility.
Year-to-date, the currency has appreciated by 29.38% against the US dollar, a significant improvement from previous years.
At the beginning of 2025, the cedi traded at GH¢15 to the dollar but has since strengthened to GH¢10.45.
Government attributes this performance to stronger macroeconomic conditions, increased exports, and renewed investor trust in Ghana.
Finance Minister, Dr. Ato Forson says the appreciation is helping stabilise prices, with small drops in imported goods’ prices.
He pledged that government will continue to protect these gains and work to stabilise the economy for long-term growth.